The euro gained about 580 pips against the U.S. dollar in last week’s trading session, following strong debt sales in Spain, Italy and Portugal. This has increased risk-appetite in the market and as a result weakened the...
Market Review – 14/01/2011 19:42 GMT Euro pares gains on profit-taking after rising to one-month high vs dollar The single currency climbed above $1.3400 level against the dollar on Friday as traders bought euro aggressively on short-covering....
USDCAD remains in downtrend from 1.0285 and the fall extended to as low as 0.9848 level. Further decline is still possible next week and next target would be at 0.9700 area. Resistance is at 0.9980, as long...
USDCHF may be forming a cycle top at 0.9783 level on daily chart. Pullback to 0.9400-0.9500 area would likely be seen next week. As long as 0.9300 key support holds, the fall from 0.9783 is treated as...
USDJPY formed a cycle bottom at 80.93 level on daily chart. The price action from 80.30 is treated as consolidation of downtrend from 94.98. Further rise towards 85.50 area to complete the consolidation would likely be seen.
AUDUSD may be forming a cycle bottom at 0.9803 level on daily chart. Resistance is at 1.0020, a break above this level will confirm the cycle bottom and indicate that the fall from 1.0255 is complete, then...
GBPUSD failed to break below 1.5296 key support and bounced to as high as 1.5888 level. Now the pair is facing 1.5910 resistance, a break above this level will confirm that the rise from 1.5344 is resumption...
EURUSD bounced strongly from 1.2874, suggesting that a cycle bottom had been formed on daily chart. Now the pair is facing 1.3497 key resistance, as long as this level holds, the price action from 1.2969 is treated...
H4 Yesterday’s optimism on the aussie market turned inverse immediately after the prices reached the lower limit of the Ishimoku cloud on four-hour graphs. The price bounced off of the Senkou Span A and directed to the...
Although the euro had a very positive day on Thursday, the currency peaked against most of its main currency rivals in overnight trading and is currently in the middle of a bearish trend once again. The EUR/JPY...
