GBP/USD Open 1.5958 High 1.6021 Low 1.5924 Close 1.5942In December Pound/Dollar consolidated, forming convergence. Last week the Cable undertook continued descending, but the key support at 1.5924 could not be overcome and the British currency corrected upwards....
Last week’s most significant event was the halt of the Dollar’s bullish trend against the Euro. After the EUR/USD pair dropped over 900 pips, it seems that the bearish correction could be limited. The main question now...
EUR/USD Open 1.4373 High 1.4414 Low 1.4235 Close 1.4383Euro/Dollar made a rising effort last week, from the 1.4235 bottom, reaching a peak at 1.4414, where further bullish momentum was limited, closing the week at 1.4383. This fact...
Being contained by 1.0748 resistance, USDCAD pulled back from 1.0745 level. Another fall towards 1.0206 previous low is expected in a couple of weeks and a breakdown below 1.0405 support could signal resumption of downtrend.
USDCHF remains in uptrend from 0.9917 and the pullback from 1.0507 is treated as minor consolidation of uptrend. As long as 1.0300 support holds, we’d expect uptrend to resume and another rally towards 1.0600 is still possible....
USDJPY is moving towards 92.32 key resistance, a breakout of this level will confirm that the long term downtrend from 101.43 has completed at 84.82 already. However, next cycle top on daily chart is nearing, minor consolidation...
AUDUSD is now in downtrend from 0.9404 and the fall extended to as low as 0.8734. further fall is still possible next week and next target would be at 0.8550-0.8600 area. Resistance is at 0.8920, as long...
GBPUSD remains in downtrend from 1.6875 and the fall extended further to as low as 1.5920. Deeper decline towards 1.5708 is still possible next week. Resistance is now at the falling trend line on daily chart now...
EURUSD dropped sharply from 1.5144 and the fall extended to as low as 1.4218 level. The subsequent rebound is more likely minor consolidation of downtrend. Resistance is now located at 1.4480, as long as this level holds,...
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