After consolidation, USDCHF continued its downward movement from 1.1730, and reached as low as 0.8465. Further fall could be expected in a couple of weeks, and next target would be at 0.8300 area. Key resistance is now...
USDJPY is forming a cycle top at 82.22 on daily chart. Deeper decline towards 79.58 support would likely be seen next week, a breakdown below this level could trigger another fall towards 76.40 previous low. Resistance is...
AUDUSD remains in downtrend from 1.1011, the bounce from 1.0440 is treated as consolidation of downtrend. Another fall could be expected next week, and next target would be at 1.0250 zone. Key resistance is at 1.1011, only...
GBPUSD bounced strongly from 1.6059, suggesting that a cycle bottom had been formed on daily chart. Further rise towards 1.6745 previous high could be seen next week, a break above this level will indicate that the long...
EURUSD might be forming a cycle bottom at 1.3969 on daily chart. Further rise is still possible next week, and target would be at 1.4500 area. However, the bounce from 1.3969 is treated as consolidation of downtrend...
05/27/2011 19:31 UTC NZD swings lower as it weakens against the USD, JPY, EUR, GBP and CHF. Recent mid-term strength indicator reading for NZD is 8 out of 8, thus suggesting that the current swing may be...
05/27/2011 13:55 UTC JPY swings lower as it weakens against the EUR, GBP, CHF, AUD and NZD. Recent mid-term strength indicator reading for JPY is 6 out of 8, thus suggesting that the current swing may be...
05/27/2011 12:27 UTC EUR swings higher as it strengthens against the USD, GBP, JPY, CAD and AUD. Recent mid-term strength indicator reading for EUR is 1 out of 8, thus suggesting that the current swing may be...
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The Dollar Index (DXM11) taking resistance at 76.50 ranges is lower at 75.20 ranges; weekly close below 75.00 ranges would result in continuation of the long-term dollar weakness.Benchmark equity index of the Dow Jones Industrials (DJIA) recovered...
