The Yen rose to a 7 month high versus the Dollar as Japan’s new government reiterated its opposition to pursuing deliberate currency devaluation strategy. The Sterling dropped to a 3 month low versus the Dollar last week...
USDCAD broke above 1.0925 resistance, suggesting that a cycle bottom has been formed at 1.0590 level on daily chart. Further rise towards 1.1124 resistance is now in favor, a break above this level will signal further rise...
USDCHF stays below 1.0422 resistance and remains in downtrend from 1.1021. Further fall is still in favor next week and target would be at 1.0100 zone. Near term resistance is at 1.0422 followed by the falling trend...
USDJPY breaks below 90.12 support and reaches as low as 89.51, suggesting that a cycle top has been formed at 92.53 level on daily chart. Now the downtrend from 97.78 has resumed. Deeper decline is expected next...
AUDUSD remains in uptrend from 0.7703 and the rise extends to as high as 0.8788 level. Further rise is still possible next week and next target would be at 0.8950-0.9000 area. Near term support is at 0.8543,...
GBPUSD broke below 1.6113 key support, suggesting that the uptrend from 1.3503 has completed at 1.7042 already. Deeper decline is now in favor and next target would be at 1.5300 zone. Near term resistance is now at...
EURUSD may be forming a cycle top at 1.4843 level on daily chart. Range trading between 1.4500 and 1.4843 would more likely be seen next week. However, the price action from 1.4843 is treated as consolidation of...
USD/JPY Open 91.27 High 91.54 Low 90.37 Close 91.29 On Thursday Dollar/Yen attempted to drop, reaching a bottom at 90.37, where further downward movement was limited, and the currency the pair climbed to 91.54, closing the day...
GBP/USD Open 1.6036 High 1.6382 Low 1.5917 Close 1.6057 Pound/Dollar made a significant bearish movement on Thursday, with over 450 pips, closing the day at 1.6000. On the 1 hour chart after breaking down out of the...
The Dollar snaps a two week decline versus the EUR after disappointing U.S Home Sales data and ahead of the G20 meeting. The USD and JPY are benefiting from the recent surge in risk aversion ahead of...
