USDCAD dropped sharply from 1.0779, taking price back to range trading between 1.0206 and 1.0852. A cycle top has been formed at 1.0779 level on 4-hour chart. Deeper decline to 1.0300-1.0350 is expected in a couple of...
USDCHF’s uptrend extended further to as high as 1.0827 level. Further rally is still possible next week and next target would be at 1.0900 area. However, a breakdown below 1.0608 will indicate that a cycle top has...
USDJPY stays in a falling price channel and remains in downtrend from 93.75. As long as the channel resistance holds, we’d expect downtrend to resume and one more fall to 88.00 to reach next cycle bottom on...
AUDUSD formed a cycle bottom at 0.8577 level on daily chart. Bounce to 0.9100-0.9150 area is expected after consolidation. Key support is now at 0.8577, only fall below this level will indicate that the downtrend from 1.9327...
After breaking below 1.6708 support, GBPUSD traded in a narrow range for several days. Deeper decline is still in favor after consolidation and next target would be at 1.5200-1.5300 area. Resistance are at 1.5780 and 1.5950. Key...
EURUSD remains in downtrend from 1.4579. As long as 1.3838 resistance holds, downtrend could be expected to continue and deeper decline to 1.3400 area to reach next cycle bottom on daily chart is possible next week. However,...
The Summit of the European leaders, does not stop Euro’s Avalanche Past sessions · USD Unemployment Claims out at 440K, versus expected 460K and prior 483K· CHF CPI m/m out at -.01% versus expected -0.4%, and prior...
GBP/USD Open 1.5699 High 1.5765 Low 1.5572 Close 1.5703Pound/Dollar remains within the downward channel, formed on the 3 hour chart. On Thursday the Cable dropped down to 1.5562, as expected, where the bearish movement was limited, than...
The U.S Dollar touched a 7-month high against the EUR Thursday after European leaders indicated they will support Greece, but not necessarily deliver direct aid. The greenback added to gains after the U.S. Labor Department said initial...
EUR/USD Open 1.3687 High 1.3800 Low 1.3600 Close 1.3691Euro/Dollar rose on Thursday to 1.3800, recovering the losses from the previous day, influenced from the increasing optimism on the market. From that point the currency couple started a...
