EURUSD broke above 1.5818 resistance and pulled back from 1.5843 level. The fall from 1.5843 is treated as resumption of down trend. Deeper decline to 1.5000 area to reach next cycle bottom on daily chart could be...
Today’s US Dollar Trading• USD two-way is moderate trade• Majors correct into support but hold firm• US data surprises to the upside Overnight Preview• Look for the USD to trade two-way• Not a lot of news until...
The greenback had a tough trading session last week, which was capped off by a huge bearish slip on Friday. Sparked by a batch of mediocre US data and positive EUR news, the USD saw losses throughout...
USDCAD formed a cycle bottom at 0.9818 on daily chart. Sideways consolidation from 1.0378 (Jan 22 high) has completed and up trend has resumed. Further rise above 1.0378 is expected. Key support is at 0.9818, only break...
USDCHF broke below 1.0214 support and down trend has resumed. Deeper decline to test 0.9870 support is expected. Initial resistance is at 1.0526 and key resistance is at 1.0623, only break above 1.0623 will signal resumption of...
USDJPY is moving to the next cycle top on daily chart, and the cycle top is nearing. Key support is now located at 103.87, a break down below this level will confirm the cycle top, and then...
AUDUSD traded in range between 0.9486 and 0.9653. A break of 0.9653 will signal resumption of up trend, and further rise to 0.9800 area to reach the next cycle top on daily chart is expected to follow....
GBPUSD rebounded sharply from 1.9461. The rise from 1.9461 could possibly be resumption of up trend. Further rise to test 2.0029 resistance is expected in a couple of weeks. Key support is located at 1.9363, only break...
EURUSD rebounded sharply from 1.5365 and is testing 1.5818 previous high resistance. The pair is forming a sideways consolidation in a range between 1.5284 and 1.6019. Further rise to test 1.6019 is still possible if 1.5818 resistance...
Today’s US Dollar Trading• USD reverses from highs overnight, ends mixed• US data neutral to favorable but no follow-through• Volumes lighter as traders are confused Overnight Preview• Traders expect two-way action with the majors to consolidate• Likely...
