Positive USD positions were supported by a series of events which started after the release of poor Euro-Zone fundamental data. Another help for the greenback was a drop in Oil prices as Hurricane Gustav slowly passed without...
The Dollar rose 0.6% and closed under 1.4520 versus the EUR in yesterday’s trading session, even seeing prices dip under 1.45. This Dollar rally is continuing as this analysis is being posted as the EUR/USD now stretches...
USDCAD breaks above 1.0727 previous high resistance, suggesting that the long term up trend is underway. Further rise towards 1.1200 is expected after consolidation. Initial support is at 1.0410, as long as this support holds, up trend...
USDCHF’s up trend remains and the rise from 1.0010 extends further to as high as 1.1128 level. Further rise is expected to 1.1300 level in next few days. Initial support is at 1.0842, only break down below...
USDJPY is in consolidation to up trend. Deeper decline is still possible to test the support of the up trend line from 95.77 (Mar 17 low) to 103.76, now at 107.10 level. Key resistance is at 110.66,...
AUDUSD’s down trend extends further to as low as 0.8269 level. Further fall to test the support of the up trend line from 0.4815 (Sep 2001 low) to 0.7675 (Aug 2007 low), now at 0.8195 level. If...
GBPUSD drops sharply to as low as 1.7782 level. Deeper decline is still possible to 1.7500 in next few days. Initial resistance is at 1.8130 followed by 1.8365. As long as 1.8365 level holds, we’d expect down...
EURUSD is test the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low). Breaking below the trend line support will signal deeper decline towards 1.4000 zone. If the...
Low Volatility Expected In Observance of U.S Labor Day. Last week, the USD went through some choppy waters while showing mixed results against the majors. The greenback gained a respectable 100 pips versus the EUR closing at...
USDCAD traded in range between 1.0410 and 1.0727. As long as 1.0727 resistance holds, lengthier consolidation would take price back towards 1.0260 1.0350 area. Key resistance is at 1.0727, rise above this level could signal resumption...
