EURUSD breaks above 1.4338 previous high resistance, suggesting that the uptrend from 1.2456 has resumed. Further rally is now in favor and target would be at 1.4700 zone. Key support is now at 1.4007, only fall below...
The economic calendar is filled with high impact data this week that threatens to sow large volatility into the market. From the wide range of news reports, ForexYard advises its traders to pay special attention to the...
EUR/USD After testing the 1.4000 level the pair made a surge to test the highs of the former range at 1.4300. A break above 1.4320 signals another swing higher. Initial resistance is at 1.4340 with targets beyond...
USDCAD breaks below 1.0784 previous low. Deeper decline is still in favor and next target would be at 1.0400-1.0500 area. Near term resistance is at 1.0950, and key resistance is at 1.1113, only rise above this level...
USDCHF stays in the trading range between 1.0590 and 1.1021. One more rise above 1.1021 resistance would more likely be seen. However, below 1.0590 will indicate that the downtrend from 1.1963 has resumed, then deeper decline could...
USDJPY is moving to the upper border of the falling price channel on daily chart. As the next cycle top is nearing, pullback would more likely be seen before breaking above the top of the price channel....
AUDUSD remains in uptrend from 0.6248, and the rise extends to as high as 0.8365 level. Further rally to 0.8500 zone to reach the next cycle top is still possible next week. Near term support is at...
GBPUSD is testing 1.6743 previous high resistance, a break above this level will suggest that the uptrend from 1.3503 has resumed, then further rally could be seen to 1.7000 zone. Near term support is now at 1.6310,...
EURUSD has formed a cycle top at 1.4304 level on daily chart, and the rebound from 1.4007 is treated as correction of downtrend from 1.4304. Pullback towards 1.3748 previous low would more likely be seen next week...
