EURUSD’s down trend extends further to 1.3258 level. Initial resistance is now located at 1.3785, as long as this level holds, we’d expect down trend to continue and further decline is still possible next week, target would...
• USD remains range-bound• Traders see two-way action and stops as the main event today• Fundamentals being ignored in favor of rhetoric
As expected, USDCHF breaks above 1.1416 previous high resistance and reaches as high as 1.1486 level. Further rise could be seen to 1.1800 zone in a couple of weeks. Initial support is at 1.1217 and followed by...
GBPUSD breaks below 1.7445 previous low support and reaches as low as 1.7318 level. Deeper decline could be seen to 1.6500 zone in a couple of weeks. Initial resistance is at 1.7836, only break above this level...
The USD completed yesterday’s trading session with mixed results versus its major rival currencies amid the financial turbulence which is shaking global markets. Yesterday world stocks tumbled to three-year lows in a day know now as Black...
Today’s US Dollar Trading• Stops and active selling drive majors to new lows• USD/JPY falls to parity• Volumes only moderate Overnight Preview• More follow-on selling expected• USD likely to consolidate Looking Ahead to Tuesday All times EASTERN (-4 GMT)• 11:00am USD FOMC Member...
USDCAD breaks above 1.0819 previous high resistance and reaches as high as 1.0842 level. Further rise is still possible to 1.1000 zone next week. Near term support is located at 1.0630, as long as this level holds,...
USDCHF is testing 1.1416 previous high resistance. Further rise could be seen to 1.1800 zone after consolidation, and a break of 1.1416 will confirm such case. Initial support is at 1.1055 and followed by the up trend...
USDJPY is in consolidation to down trend. Rise towards 108.50 to reach the next cycle top on daily chart is expected next week. Initial support is at 103.49, a break of this level will signal resumption of...
AUDUSD breaks below 0.7802 previous low support and reaches as low as 0.7698 level. Deeper decline could be seen to 0.7500 zone next week. Near term resistance is now at 0.7900, as long as this level holds,...
