AUDUSD continues to sideways consolidation in a range between 0.6008 and 0.7014. further rise to test 0.7014 resistance is possible next week. A break above this level will indicate that the down trend from 0.9849 (July 15...
GBPUSD remains in down trend. The price action from 1.4557 is treated as consolidation to down trend. Further rebound towards 1.5534 could be seen next week. As long as 1.5534 resistance holds, we’d expect down trend to...
EURUSD breaks above 1.3290 long term key resistance, suggesting that the down trend from 1.6038 (July 17 high) has terminated. Further rally is still possible to 1.3850-1.4000 area in next several days. Initial support is located at...
Dollar volatility is expected today as traders are likely to act on yesterday’s lows against the EUR and JPY. This coincides with several important economic data releases coming out of the United States today. These include the...
Today’s US Dollar Trading • Equities firmer but two-way, majors follow-suit• EURO scores highs on stop-driven trade, closes firm• Technical levels in most pairs breached
Traders should look for the release of two key indicators today; the U.S. Trade Balance and U.S. Unemployment Claims. As reported earlier this week, the U.S. economy has seen a record number of new jobless claims. This...
FREE-Live Forex Webinar!! Foreign Exchange doesn't have to be Foreign Wed, Dec 10, 2008, 16:00 GMT Hosted by Jay Engelmayer of Finexo Finexo’s Webinar will address the following topics:— The logical side of Forex trading –...
In forex trading, the USD is set to have a relatively quiet news week. This lack of major news indicates that the other major currencies, such as the GBP, CHF, JPY, and EUR, may be the market...
USDCAD fails to test the previous high resistance at 1.3015, and pulls back from 1.3005 level. Further fall would more likely be seen to 1.2300 zone next week. However, a break above 1.3015 will signal further rally...
USDCHF is forming a sideways consolidation in a range between 1.1828 and 1.2296 on daily chart. Further rise is still in favor, the target would be at 1.2500 zone, and a break above 1.2296 previous high resistance...
