USDCHF stays in a trading range between 1.0590 and 1.1021. Deeper decline to 1.0600-1.0650 area to reach the next cycle bottom on daily chart is expected next week. However, 1.0590 key support would more likely be held,...
Being contained by the support of the lower border of the price channel on daily chart, USDJPY rebounds from 91.73 level. However, the rise is more likely consolidation of downtrend from 98.88, deeper decline is still possible...
AUDUSD rebounds from 0.7703. Further rally is expected to test the resistance of the upper border of the price channel, a clear break above the channel resistance will indicate that a cycle bottom has been formed at...
GBPUSD stays in a trading range between 1.5801 and 1.6743. As long as 1.5801 support holds, the price action from 1.6662 is treated as consolidation of uptrend from 1.3654, and further rally is possible to 1.7000-1.7500 area...
EURUSD stays in a trading range between 1.3748 and 1.4338. Moving sideways without trend in the range is expected next week. Near term resistance is at 1.4197, and key resistance is at 1.4338, a break above 1.4338...
The forex market is set to go very volatile on the release of Building Permits data from the U.S. In turn, this is likely to be crucial in determining the Dollar’s strength, as this week’s trading comes...
EUR/USD The pair did push above some resistance within the longer term range yesterday which indicates a push towards 1.4200 is likely. Support is at 1.4040 and 1.400. A bounce is likely off these levels, but there...
Crude Oil prices remain steady at above $61 a barrel on Thursday, after gaining 3.4% in the previous session. Oil’s gains on Wednesday came after the Energy Information Administration (EIA) showed a bigger-than-forecast drop in Crude supplies...
EUR/USD The pair continued it's doldrums yesterday moving in a choppy fashion once again. Being in the middle of the range this is likely to continue. Minor support is at 1.3960, 1.3930, 1.3910 and beyond this 1.3875....
Surprising the market yesterday was the release of the German ZEW Economic Sentiment report which showed confidence throughout the Euro-Zone’s largest economy had plunged throughout the previous month, highlighting that economic fundamentals have finally hit home the...
