USDCAD moved sideways in a range between 0.9977 and 1.0378 for several weeks. Now the pair is facing 0.9977 support, below this level will indicate that downtrend has resumed, and the target would be at 0.9700-0.9800 area.
USDCHF dropped sharply from 1.0066. Deeper decline to 0.9600-0.9650 area to reach next cycle bottom on daily chart is expected next week and the next cycle bottom is nearing. As long as 0.9463 key support holds, the...
USDJPY dropped sharply from 84.40, suggesting that a cycle top had been formed on daily chart. Deeper decline to 81.00 area is expected next week. As long as 80.30 key support holds, the fall from 84.40 is...
AUDUSD bounced strongly from 0.9537, suggesting that a cycle bottom had been formed on daily chart. Now the bounce from 0.9537 could possibly be resumption of uptrend from 0.8066. Further rise towards 1.0182 previous high could be...
GBPUSD remains in downtrend from 1.6298, the bounce from 1.5484 is treated as consolidation of downtrend. Resistance is at 1.5900, as long as this level holds, downtrend could be expected to continue. However, a break above 1.5900...
EURUSD rebounded strongly from 1.2969, suggesting that a cycle bottom had been formed on daily chart. However, the bounce is likely consolidation of downtrend from 1.4281. Range trading between 1.2969 and 1.3550 is expected in a couple...
On a 4-hour graph the USD/CHF is probably forming the combination of candlesticks Falling Three Methods, which indicates a downside movement.
The Jobless numbers from the States today will steal the spotlight from the problems Europe is facing going into the weekend. The USD lost ground to the EUR and GBP yesterday as more stability came into the...
With euro-zone debt crisis showing signs of stabilization, at least in the short term, eyes are again turning to the U.S and any economic data publications from the region that might give clues to the pace of...
Market Review – 02/12/2010 21:42 GMT Euro surges on speculation of ECB’s bond buying The single currency rose in the choppy trading on Thursday on speculation that ECB was buying eurozone bonds, especially Portuguese and Irish debts....
