USDCHF drops sharply to as low as 1.1142 level. Deeper decline is still possible to 1.0900-1.1000 area in next several days. Initial resistance is located at 1.1500, as long as this level holds, downtrend will continue. However,...
AUDUSD is testing the key resistance at 0.7014, a break above this level will indicate that the downtrend from 0.9849 (July 15 high) has completed, and then the following up trend will bring price back to 0.7800...
GBPUSD breaks above 1.5534 key resistance, suggesting that the down trend from 2.0158 (July 15 high) has completed, and a cycle bottom has been formed at 1.4466 on daily chart. Further rally could be seen to 1.6500...
Today’s US Dollar Trading • USD fails to gain a foothold, ends lower across the board• Model accounts buying EURO, possibly going long• Volumes continue on the lighter side
GBPUSD is testing 1.5534 key resistance, a break above this level will indicate that a cycle bottom has been formed at 1.4466 on daily chart, and signify that the long term down trend from 2.0158 (July 15...
Overnight Asia/Europe • USD starts weaker in Asia, two-way action• Japan Tankan below forecast• Most pairs at technical S/R
The EUR made huge gains last week against the Dollar with the largest showing made on Friday. These gains may signal a reversal to the Dollar’s rise in recent months.
USDCAD fails to test 1.2125 support and rebounds from 1.2158. The pair might be forming a cycle bottom at 1.2158 level on daily chart. Further rise to retest 1.3015 is now in favor. Initial support is at...
USDCHF breaks below 1.1828 support, suggesting that a cycle top has been formed at 1.2296 on daily chart. Deeper decline is still possible to 1.1600 zone next week. However, the fall from 1.2296 is treated as correction...
USDJPY breaks below 90.92 previous low support and reaches as low as 88.53 level. Further fall is still possible to 87.00 zone. Initial resistance is now located at 93.90, only rise above this level will indicate that...
