After a relatively peaceful trading week, the shock took place on Friday. Very disappointing U.S. Non-Farm Employment Change data has created mayhem in the market, and took the EUR/USD pair above the 1.4500 level. The main question...
EUR/USD Open 1.4463 High 1.4532 Low 1.4272 Close 1.4404Euro/Dollar made a decreasing effort on Friday, reaching the 1.4272 bottom, from where it started climbing, closing the week at 1.4404. The currency pair just broke up of the...
USDCAD is in downtrend from 1.0745. Further fall is still possible next week and target is to test 1.0206 previous low support. Fall below this level to reach next cycle bottom on daily chart would more likely...
USDCHF formed a a cycle top at 1.0507 level on daily chart and the subsequent pullback is treated as consolidation of uptrend from 0.9917. Rang trading between 1.0100 and 1.0507 is expected in a couple of weeks....
USDJPY remains in uptrend from 84.82. As long as 91.25 support holds, uptrend could be expected to continue and next target would be at 95.00-96.00 area. Only fall below 91.25 level will indicate that lengthier consolidation of...
AUDUSD broke above the upper border of the falling price channel on daily chart, suggesting that a cycle bottom has been formed at 0.8734 level and the fall from 0.9404 has completed. Further rally to re-test 0.9404...
GBPUSD stays in a falling price channel on daily chart and remains in downtrend from 1.6875. Deeper decline to test 1.5708 is still possible next week. Resistance is located at the upper border of the falling price...
EURUSD broke above 1.4457 key resistance, suggesting that a cycle bottom has been formed on daily chart and the fall from 1.5144 has completed. Bounce to 1.4600 area to reach next cycle top is expected next week....
GBP/USD Open 1.5934 High 1.6065 Low 1.5898 Close 1.5930Pound/Dollar made a decreasing movement on Thursday, from the 1.6065 top to the 1.5897 bottom, closing the day at 1.5930. Of the 3 hour chart the Cable is has...
On tap today is the ever-important US Non-Farm Employment Change (NFP) report due at 13:30 GMT. This is one of the most important economic events on the calendar and is always released on the first Friday of...
