The USD lost steam from last week’s strengthening vs. most of the major currencies as investors continued to feed their risk appetite, leading the higher-yielding commodity currencies higher. The greenback also weakened amid renewed concerns that the...
The Greenback traded with mixed results last week as the turbulent relationship between the USD and the EUR grows even stronger. The oft traded pair saw record highs towards the end of the month of April. Since,...
USDCAD traded in range between 0.9987 and 1.0326. Break below 0.9987 level would more likely be seen in the next few days. Key resistance is now located at 1.0326, only break of this level will signal the...
USDCHF is topping at 1.0623, key support is now at 1.0298, a break of this level will confirm the cycle top and deeper decline to 1.0100 area is expected to follow. Initial resistance is at 1.0623, only...
USDJPY pulled back from 105.70. Further fall to 101.75 area to reach the next cycle bottom on daily chart is possible. However, the fall from 105.70 is treated as correction to the up trend, as long as...
AUDUSD failed to test 0.9541 precious high resistance and traded in range between 0.9275 and 0.9541. Deeper decline to retest 0.8953 support is possible, and a break of 0.9275 is needed to confirm such case. Key resistance...
GBPUSD is moving to test 1.9337 (Jan 22 low) support. Break below this level could be seen after consolidation. Key resistance is located at 2.0029, only break above this level will indicate lengthier correction to the long...
EURUSD is forming a cycle bottom at 1.5284 on daily chart. Bounce to retest 1.5700 resistance is expected before breaking below 1.5284 level. The rise from 1.5284 will be treated as correction to the down trend. Key...
Yesterday, the greenback was revived after several days of bearish behavior. Investors seem to have kept faith about the dollar as traders pushed it toward sharp profits versus most of its currency rivals. It has been briefly...
Yesterday, the greenback saw mixed results as it was in a bearish trend versus its major currency rivals during the first half of the day. Later on throughout the day it managed to gain some bullish momentum,...
