GBPUSD broke above 1.6741 resistance, suggesting that the fall from 1.7042 has completed at 1.5708 level already. Further rise towards 1.7042 would more likely be seen next week. Support level is at 1.6251, below this level will...
EURUSD stays in a trading range between 1.4626 and 1.5062. Sideways movement in the range is expected next week. However, price action from 1.5062 is more likely consolidation of uptrend from 1.3748, as long as 1.4626 support...
USD/JPY Open 90.28 High 90.58 Low 89.63 Close 90.36 On Thursday Dollar/Yen traded hesitantly, rising in the second half of the day as Dollar gained across the board. After quotes made unconvincing break down of 89.30 on...
A double top may be in place, with AUDUSD showing an Advance Block bearish reversal candlestick pattern below resistance at 0.9334. Dramatic negative RSI divergence bolsters a bias favoring the downside. That said, the Australian Dollar has...
GBP/USD Open 1.6587 High 1.6687 Low 1.6516 Close 1.6575 Pound/Dollar made a significant downward movement on Thursday, from 1.6620 top to the 1.6515 bottom, closing the day at 1.6575. However, the upward channel remains unbroken. Although deep...
The Dollar rate today is set to be highly determined by the publication of the U.S. Trade Balance at 13:30 GMT. Other U.S. data will also play a pivotal role in the forex market today, such as...
EUR/USD Open 1.4857 High 1.5015 Low 1.4825 Close 1.4845 After the climb on Wednesday, on Thursday Euro/Dollar made a deep correctional downward movement from the 1.5015 top down to 1.4825, closing the day at 1.4845, eating all...
In various fields of life, the Risk:Reward Ratio (R:R) plays a crucial role in decision-making. Whether it’s in finance, business, or personal choices, understanding and considering the R:R can make a significant difference in outcomes. This article...
USD/JPY Open 89.90 High 90.02 Low 89.32 Close 89.87 Dollar/Yen traded with volatility on Wednesday. On a 3 hour chart there was intense battle around 89.32 support level, and bears seem to be fighting better for now...
Forexpros Daily Analysis Nov 12, 2009 The U.S Bureau of Economic Analysis will publish the monthly Trade Balance index tomorrow (Nov 13). The Index measures the difference in worth between exported and imported goods (exports minus imports),...
