Last week’s release of negative employment data from the United States has many forex traders running from the USD. With a rally taking place among Euro-Zone currencies, as well as the price of Crude Oil, there appears...
USDCAD’s downtrend remains and the fall from 1.2714 could possibly be resumption of the downtrend. Deeper decline is still possible next week and the next target would be at 1.1900-1.2000 area. Near term resistance is located at...
USDCHF remains in downtrend from 1.1963, the rise from 1.1159 is more likely consolidation of the downtrend. The pullback from 1.1548 could possibly be resumption of the downtrend. Deeper decline is expected to test 1.1159 support, a...
USDJPY breaks above 99.67 previous high and the uptrend from 87.12 has resumed. Further rise could be seen to 105.00 zone in a couple of weeks. Near term support is at the rising trend line from 87.12...
AUDUSD breaks above 0.7092 and reaches as high as 0.7227 level. Further rally could be seen to 0.7500 zone in next several days. Key support is located at 0.6768, below this level will indicate that the rise...
GBPUSD breaks above 1.4779 and reaches as high as 1.4846 level. Further rise is now in favor and the next target would be at 1.5300-1.5400 area. Key support is at 1.4110, only fall below this level will...
EURUSD formed a cycle top at 1.3738 level on daily chart. Range trading between 1.2950 and 1.3738 could be seen in a couple of weeks. The price action from .3738 is more likely consolidation of the uptrend...
A surprise 25 point basis point Interest Rate cut by the ECB is being digested by the currency markets. But traders won’t have much time to pause as the high impact Non-Farm Employment numbers are released later...
USDJPY breaks above 99.67 previous high resistance, suggesting that the medium term uptrend from 87.12 has resumed. Further rise is now in favor and the next target would be at 105.00 zone. Near term support is at...
AUDUSD breaks above 0.7092 level. Further rise to test the long term resistance at 0.7267 could be seen. A break above this level will signal further rise towards 0.7500. Key support is now at 0.6768, only fall...
