EURUSD formed a sideways consolidation in a range between 1.3258 and 1.3785 for two weeks. As long as 1.3785 resistance holds, we’d expect down trend to resume and further fall towards 1.3000 zone to reach the next...
Today’s US Dollar Trading • Two-way trade after the open• US data negative but traders still watching credit• Technical trading finds some stops
• USD has a technical day, holds S/R • Volumes continue to remain off • Traders remain unsure how to play the bailout
As expected, USDCAD formed a cycle top at 1.2123 on daily chart. Consolidation in a range between 1.1000 and 1.2123 could be seen in next several weeks. Key resistance is now located at 1.2123, and this level...
USDJPY rebounds from 97.91 level and is moving to the next cycle top on daily chart. However, the next cycle top is nearing. Pullback could be seen to retest 97.91 previous low support in next several days.
USDCAD’s up trend extends sharply to as high as 1.2123 level. Further rally towards 1.2500 zone to reach the next cycle top on daily chart is still possible next week. However, the next cycle top is nearing,...
USDCHF pulled back from 1.1486 and formed a sideways consolidation in a range between 1.1128 and 1.1486. Further rally could be seen after consolidation, a break of 1.1486 level will signal resumption of up trend, and the...
USDJPY’s down trend from 110.66 extends to 97.91 level. Rebound towards 103.00 zone could be seen to reach next cycle top on daily chart next week. However, the rise from 97.91 is treated as consolidation to down...
AUDUSD breaks below 0.6775 (June 2004 low) long term support, and drops sharply to 0.6330 level. Deeper decline is still possible to 0.6000 zone next week. Initial resistance is located at 0.7150, as long as this level...
GBPUSD falls below 1.7047 (Nov 2005 low) long term support and reaches as low as 1.6786 level. Deeper decline is still possible to 1.6500 zone in a couple of weeks. Initial resistance is now located at 1.7230...
