USDCAD failed to break below 1.0206 support and bounced from 1.0224. Now the pair is forming a double bottom pattern on daily chart. Further rise to test 1.0852 key resistance is expected in a couple of weeks,...
As expected, USDCHF broke above 1.0507 resistance and reached as high as 1.0640 level. Further rally is still in favor next week and next target would be at 1.0800 area. Support is at 1.0450, as long as...
USDJPY stays in a falling price channel on daily chart and remains in downtrend from 93.75. One more fall towards 88.50 area to reach next cycle bottom is possible next week. Resistance is at the upper border...
AUDUSD formed a cycle top at 0.9327 level on daily chart. Support at 0.8734 would be re-tested next week, a breakdown below this level will suggest deeper decline towards 0.8500 area. Resistance is at 0.9000, as long...
GBPUSD has formed a cycle top at 1.6456 level on daily chart. Another fall towards 1.5708 previous low is expected next week, a breakdown below this level trigger further decline to 1.4800-1.5000 area. Resistance is at 1.6456,...
EURUSD’s downtrend form 1.5144 extended further to as low as 1.3861 level. Deeper decline is still possible next week and next target would be at 1.3500-1.3600 area. Resistance is at the falling trend line on daily chart....
Risk still under pressure following weak US data, weak Wall St. Month-end volatility in Asia sees EURUSD touch new cycle lows MAJOR HEADLINES – PREVIOUS SESSION US Dec. Chicago Fed Activity Index out at -0.61 vs. -0.4...
The U.S. dollar rose on Thursday to a 6-month high against the EUR as investors around the globe signaled approval of the Federal Reserve’s more upbeat outlook for the U.S. economy. The U.S. currency continues to rally...
Market Review – 28/01/2010 21:23 All times in GMT Dollar hits a 6-1/2-month high vs euro; yen gains The euro declined to the lowest level against the dollar and yen in more than six months as Greece’s...
USD/JPY Open 89.97 High 90.54 Low 89.14 Close 89.96The strong Dollar led the currency couple upwards on Wednesday, towards the important 90.54 resistance and upper limit of the bearish channel, where the bullish momentum was limited. Further...
