EURUSD rebounds sharply yesterday, suggesting lengthier sideways consolidation in a range between 1.2329 and 1.3290 is underway, and the resumption of down trend will be delayed. Key support is located at 1.2329, only break down below this...
USDCAD fails to test 1.3015 resistance and pulls back from 1.2984 level. Deeper decline could be seen to 1.2000 zone. Sideways consolidation in a range between 1.1464 and 1.3015 is expected in next several weeks. Only rise...
No changed in our view, USDCHF remains in up trend and the rise from 1.0010 (July 15 low) extends to as high as 1.2296 level. Further rise is still possible to 1.2700 zone in next several days....
USDJPY trades in range between 90.92 and 100.54. The rise from 90.92 is now treated as resumption of up trend. Rise to test 100.54 is still in favor next week. A break of this level will confirm...
AUDUSD formed a cycle top at 0.7014 level, and the fall from 0.7014 is now treated as resumption of down trend. Further fall could be seen to 0.5500 zone in next several days. Key resistance is located...
GBPUSD consolidated in a narrow range between 1.4557 and 1.5249 for several days. Further fall is still in favor after consolidation, a break below 1.4557 will signal resumption of down trend. Initial resistance is located at 1.5270...
EURUSD remains in range trading between 1.2329 and 1.3290. Further fall is expected to 1.2000 zone next week, and a break below 1.2329 previous low will confirm the resumption of down trend. Long term key resistance is...
Today’s US Dollar Trading • USD starts weaker, stops drive majors higher• Upside resistance holds and the majors drop hard• Volumes high on the move
Today’s US Dollar Trading • Two-way action due to equities• Traders note USD feels neutral• EURO makes lows late
Lately the dollar is gaining a bullish momentum overseas as investors are buying more of the safest U.S. assets as the global economy enters a recession. Overseas investors bought a net $27.2 billion of U.S. assets in...
