USDCHF rise above 1.1277 resistance, signifying further rally towards 1.1500 zone. Initial support is now at 1.1100 and key support is located at 1.0864, only break below this level will indicate that the rebound form 1.0366 has...
GBPUSD drops below 1.4350 previous low support, suggesting that the downtrend from 2.0158 (July 15, 2008 high) has resumed. Deeper decline could be seen to 1.3500 zone in next several days. Initial resistance is now located at...
The Dollar has been loosing ground as investors are looking for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets. The focus is now on...
The purpose of moving averages is purely to determine the mean exchange rate or price of currency pair in a given period of time. The simple moving average (SMA) and the exponential moving average (EMA) are the...
USDCAD continues to move sideways between 1.1761 and 1.3015. Further rise is still possible to 1.2900 next week, and pullback would more likely be seen before breaking above 1.3015 previous high resistance.
USDCHF breaks above 1.1277 resistance and reaches 1.1287 only. Pullback would more likely be seen to retest 1.0864 key support next week. A break down below this level will indicate that the rebound from 1.0366 has completed,...
USDJPY breaks below 89.72 key support, suggesting that a cycle top has been formed at 94.61 on daily chart. Deeper decline is expected to test 87.13 previous low support. If this level gives way, the next target...
AUDUSD drops sharply to as low as 0.6537 level. Deeper decline is still possible to test the support of the lower border of the price channel, now at 0.6300. Initial resistance is at 0.6810, rise above this...
GBPUSD consolidated in a range between 1.4350 and 1.5722 for several weeks. Rebound to 1.6500 zone would more likely be seen before breaking below 1.4350 level. Key resistance is now located at 1.5372, a break above this...
EURUSD’s downtrend extends further to as low as 1.3026 level. Deeper decline to 1.2800 to reach the next cycle bottom on daily chart is still possible next week, and the next cycle bottom is nearing. Initial resistance...
