During yesterday’s trading, the Yen continued to be the dominant currency in the forex market. Whilst most of the major currencies tended to fluctuate without marking a sustained trend, the JPY strengthened on all fronts, and currently...
EURO/DOLLAR A rather tight range yesterday. A break above the 1.4190 indicates a short term break of the range and a target of 1.4220. The target beyond is 1.4320 if the pair continues to push higher. A...
USDCAD breaks above 1.0933 key resistance, suggesting that a cycle bottom has been formed at 1.0632 level on daily chart. The pair is now in uptrend and further rise to 1.1550-1.1600 area is expected. Near term support...
After breaking above the resistance of the falling price channel on daily chart, USDJPY pulls back from 97.78, suggesting that a cycle top is being formed. Deeper decline to test 94.36 key support is now in favor...
EUR/USD – Continued EUR Weakness? The EUR lost more ground yesterday dropping below support at 1.4160. That level has now become upside resistance. A drop below the recent swing lows just above 1.4100 indicates another swing lower...
The movements we saw during Friday’s trading session may have been exaggerated and may be reversed. Today is a quiet news day for the U.S. as there are no major economic data releases on the calendar today....
EUR/USD Charts are setting up for a continuation of Friday’s fall. A drop below 1.4145 will confirm. First target is 1.4100 (also support). Further support is lower at 1.4180-1.4160, and a target beyond at 1.4000. A move...
USDCAD remains in downtrend from 1.1723 and deeper decline is possible to 1.0400-1.0500 area. Key resistance is now at 1.0933, a break above this level will indicate that a cycle bottom has been formed at 1.0632 on...
After breaking below 1.0590 previous low, USDCHF rebounds sharply from 1.0562, suggesting that the pair is back to range trading between 1.0562 and 1.1021. Further rise to re-test 1.1021 is possible next week. However, the price action...
USDJPY breaks above the resistance of the upper border of the falling price channel, suggesting that the downtrend from 101.43 has completed at 91.73 level already. Further rise to 99.00-100.00 area is expected next week and range...
