GBP/USD Open 1.6133 High 1.6237 Low 1.6062 Close 1.6154Pound/Dollar made a significant bearish movement on Friday, from the 1.6237 top to the bottom at 1.6061, closing the week at 1.6154. Our expectations are for further downward extension....
USD As the end of the year approaches, investors who sold off the Dollar during the year seem to be returning with a fury. The Dollar rose, albeit slightly on Friday, hitting eight month highs against the...
Last week’s most significant trend in the market was the bullish Dollar. Ever since the positive U.S. Non-Farm Payrolls figures were published, the Dollar is recovering on all fronts. The main question for this week is whether...
EUR/USD Open 1.4332 High 1.4402 Low 1.4267 Close 1.4333Euro/Dollar attempt to rise on Friday, reaching a peak at 1.4402 after some good economic data came out, but further increasing movement was limited there and the currency pair...
USDCAD is testing key resistance of 1.0748, a break above this level will indicate that a cycle bottom has been formed at 1.0405 level on daily chart, then a sharp move towards 1.1000 could be seen to...
USDCHF’s bounce from 0.9917 extended to as high as 1.0507 level. Further rally is still possible next week and next target would be at 1.0600 area. Support level is now located at 1.0300, below this level will...
USDJPY broke above the falling price channel on daily chart, suggesting another rally towards 92.32 key resistance, a break above this level will confirm that the long term downtrend from 101.43 has completed at 84.82 already.
AUDUSD broke below 0.8916 key support, suggesting that the uptrend from 0.7703 has completed at 0.9404 already. Deeper decline is now in favor and next target would be at 0.8650-0.8700 area. Resistance is at 0.9150, as long...
GBPUSD runs in a falling price channel on daily chart and remains in downtrend from 1.6875. As long as the channel resistance holds, we’d expect downtrend to continue and further decline towards 1.5900-1.6000 area is possible.
EURUSD continues its bearish movement and drops sharply to as low as 1.4261 level. Deeper decline is still in favor next week and next target would be at 1.4100 area. Resistance levels are at 1.4450 and 1.4550,...
