USDJPY formed a sideways consolidation in a range between 88.14 and 94.98 for several months. Resistance is at 92.88, a break above this level could trigger another rise towards 94.98 previous high. Near term support is at...
AUDUSD traded in a range between 0.8066 and 0.8550. Key resistance is at 0.8550, as long as this level holds, the price action in the range is treated as consolidation of downtrend and another fall towards 0.7500...
GBPUSD might be forming a cycle top at 1.4769 level on daily chart. Key support is at 1.4230, a break below this level will confirm the cycle top, then another fall towards 1.4000 could be seen. Resistance...
EURUSD remains in downtrend from 1.5144 and the bounce from 1.1876 is treated as consolidation of downtrend. Resistance is at the falling price channel on daily chart, now at 1.2340, as long as the channel resistance holds,...
Crude initiated the expected downside move after building the base on 75.60 and neared the main target at 73.70. A secondary descending channel is structuring the intraday wave while momentum indicators remain negative supporting our expectations.
EURUSD The pair is fluctuating around the resistance for the descending channel and below 61.8% correction, alongside negative signals on momentum indicators. We preserve our morning expectations as far as the pair does not stabilize above 1.2150.
USD/JPY Open 91.33 High 91.69 Low 90.87 Close 91.34On Thursday Dollar/Yen traded hesitantly and within a range, in converse with the Interbank sentiment at nearly -60%. The currency couple slightly appreciated from 90.87 to 91.45 yesterday, closing...
The USD lost some ground to the GBP and a bit of footing against the EUR on Thursday. These results came as risk appetite made an appearance on Wall Street as the major indexes all rose. However,...
The EUR traded in a stable manner on Thursday and turned in some gains versus the USD. The ECB managed to get through their press conference with President Trichet at the helm and keeping calm waters. That...
The Sterling enjoyed a good run as it gained against the USD on Thursday. This came as the BoE announced that they are continuing with their stimulus spending regarding quantitative easing. The U.K. economy remains vulnerable and...
