GBPUSD is forming a sideways consolidation in a range between 1.9363 and 1.9852. Pullback to retest 1.9363 level is still possible next week. As long as 1.9363 support holds, we’d expect up trend to resume and rise...
EURUSD is testing 1.5284 previous low support. If this support gives way, deeper decline to 1.5000 area to reach the next cycle bottom on daily chart could be seen. Initial resistance is at 1.5585, as long as...
Today’s US Dollar Trading• USD fails to hold gains• Stops run early• Two-way action suggests offers building Overnight Preview• Look for consolidation with a downside bias• USD likely to open lower in New York tomorrow Looking Ahead...
Today’s US Dollar Trading• USD continues to advance but volumes slow• Traders report thin order books• US data today benign Overnight Preview• Look for two-way trade• USD to consolidate Looking AheadAll times EASTERN (-5 GMT)• 10:35am USD...
Yesterday, the Greenback maintained its rally against most of its major currency counterparts following the hawkish comments from the Fed Chairman Bernanke about inflation worries and remarks that short-term interest-rates will likely jump this year. The EUR/USD...
USDCAD is testing 1.0326 previous high resistance. Consolidation would more likely be seen before breaking above this level. Up trend will resume after consolidation and rise to 1.0750 is expected to follow. Key support is at 0.9818,...
USDCHF broke below 1.0211 support and reached 1.0147 only. The pair might be forming a cycle bottom at 1.0147 on daily chart. Further rise to test 1.0623 previous high resistance is expected in next several days. Only...
USDJPY is in up trend. Further rise to 109.00 area to reach next cycle top on daily chart is still possible, and the cycle top is nearing. Key support is now located at 103.87, a break down...
AUDUSD is testing the support of up trend line from 0.8953 to 0.9291. If the trend line support gives way, deeper decline could be seen to retest 1.9275. As long as 1.9275 support holds, we’d expect up...
GBPUSD traded in range between 1.9363 and 1.9852. Pullback to retest 1.9363 level is still possible in a couple of days. As long as 1.9363 support holds, we’d expect up trend to resume and rise to 2.0300...
