USDJPY remains in downtrend from 97.78 and the fall extended further to as low as 90.12 level. Consolidation in a range between 90.12 and 93.29 would more likely be seen next week. As long as 93.29 resistance...
AUDUSD remains in bullish movement from 0.6248. Further rise is still possible in a couple of week and target would be at 0.8900-0.9000 area. Near term support is at 0.8543, as long as this level holds, we’d...
GBPUSD continues its range trading between 1.5801 and 1.7042. The fall from 1.6741 suggests deeper decline to test 1.6113 key support, a breakdown below this level will indicate that the uptrend from 1.3503 has completed at 1.7042...
EURUSD trades around the upper border of the rising price channel on daily chart, a clear break above the channel resistance will signal a great move towards 1.5100-1.5200 area. Near term support is at 1.4515, below this...
USD/JPY Open 91.19 High 91.57 Low 90.53 Close 91.06 Dollar/Yen traded hesitantly on Thursday, first dropping down to the 90.53 bottom, than rising to the 91.57 top. However, on the 1 hour chart the downward channel was...
GBP/USD Open 1.6448 High 1.6559 Low 1.6298 Close 1.6450 On Thursday Pound/Dollar attempt to rise, reaching a peak at 1.6559, but the bullish movement was limited there and the Cable dropped down to the 1.6424 bottom, closing...
The Dollar took a break from its bullish run versus the EUR yesterday, but the long term trend could continue today. Driving yesterday’s reversal were losses in U.S. equities and stronger manufacturing data from the U.S. Today’s...
EUR/USD Open 1.4739 High 1.4757 Low 1.4688 Close 1.4741 On Thursday Euro/Dollar was made a moderate increasing movement, reaching a peak at 1.4757, closing the day at 1.4741. Of the 1 hour chart the currency pair is...
GBP/USD Open 1.6477 High 1.6555 Low 1.6433 Close 1.6486 On Wednesday Pound/Dollar traded hesitantly, forming divergence on the 3 hour chart. The Cable descended down to the 1.6433 bottom, from where it rose insignificantly, closing the day...
With recent fears over inflation and fiscal deficits, the market surprisingly appears calmer than it should be. The USD has continued its decline, suggesting that either faith in the American economy is fleeting, or investors are increasing...
