EURUSD broke above 1,5594 key resistance and formed a cycle bottom at 1.5284 on daily chart. Further rise to 1.5725 area is possible, and sideways consolidation in a range between 1.5284 and 1.6019 could be expected in...
Yesterday the greenback had a volatile trading session against its major currency rivals. It underwent contrasting trends vs. the EUR and the GBP and was bullish vs. the JPY. The main news from the US economy revolved...
Today’s US Dollar Trading •USD rallies ahead of News, lacks follow-through•Majors on S/R volumes low•Sovereign names seen selling USD Overnight Preview •A round of book-squaring likely Looking Ahead to ThursdayAll times EASTERN (-5 GMT)•8:30am USD Empire State Business...
Today’s US Dollar Trading • USD extends rally during New York• Flows described as light and disorderly Overnight Preview • Look for book-squaring• USD may have gotten ahead of itself Looking Ahead to WednesdayAll times EASTERN (-5 GMT)•...
The USD strengthened throughout yesterday’s trading and as a result of mostly positive economic releases; it saw a day long bullish trend. Although the USD did lose momentum on Monday, yesterday it gained strength against most of...
USDCAD breaks below 0.9987 support. Deeper decline to test 0.9709 is still possible in the next several days. Key resistance is now located at 1.0326, only break of this level will signal the resumption of the long...
USDCHF is forming a cycle top at 1.0623 on daily chart. Key support is now located at 1.0388, a break below this level will confirm the cycle top and pullback to retest 0.9870 support is expected to...
USDJPY is forming a cycle bottom at 102.58 on daily chart. The rise from 102.58 is treated as resumption of the up trend. Further rise towards 108.00 to reach the next cycle top is expected. Initial support...
AUDUSD traded in range between 0.9275 and 0.9541. Deeper decline to retest 0.8953 support is still in favor and a break of 0.9275 will confirm such case. Key resistance is at 0.9541, only rise above this level...
GBPUSD is in down trend. Further fall to test 1.9337 (Jan 22 low) is expected. Break below this level is possible after consolidation. Key resistance is located at 2.0029, only rise above this level will indicate lengthier...
