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,...
Today’s US Dollar Trading• USD two sided, ends flat-to-mixed• Reverses early weakness• Traders waiting for tomorrow’s data Overnight Preview• Expect consolidation. • USD likely to range trade on light volumes ahead of data tomorrow Looking Ahead to...
USDCAD is testing 0.9987 previous low support, a break of this level will indicate lengthier consolidation is underway, and deeper decline to retest 0.9709 could be seen. Key resistance is now located at 1.0326, only break of...
USDCHF’s up trend remains and pullback from 1.0606 is treated as consolidation to the up trend. Further rise to 1.0800 to reach the next cycle top on daily chart is still possible after consolidation. Initial support is...
USDJPY’s up trend remains and the pullback from 105.70 is treated as consolidation to the up trend. Further rise to 108.00 area is still possible after consolidation. Near term support is at the rising price channel, as...
AUDUSD is testing 0.9541 resistance, a break of this level will signal resumption of the long term up trend. Pullback from 0.9541 to test 0.9275 key support would more likely be seen, break below this level will...
GBPUSD stays in a trading range between 1.9599 and 2.0193. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As long as...
Being contained by the key support at 1.5342, EURUSD rebounded from 1.5360. Sideways consolidation in a range between 1.5342 and 1.5700 is expected in the next few days. Pullback to retest 1.5342 is still possible after consolidation...
