USDCAD broke below 0.9444 support, suggesting that the long term downtrend from 1.0852 (2010 high) has resumed. Further fall could be seen next week, and next target would be at 0.9200 area. Resistance is at 0.9530, as...
USDCHF might be forming a cycle bottom at 0.8082 on daily chart. Consolidation of downtrend is expected in a couple of weeks, and further rally to test 0.8550 key resistance is possible, a break above this level...
USDJPY’s downward move from 85.51 extended to as low as 78.22. Further fall towards 76.40 previous low is still possible next week. Key resistance is now at 79.60, only break above this level will indicate that a...
AUDUSD broke above 1.0798 resistance and continued its upward move from 1.0390. Further rise towards 1.1011 is expected in a couple of weeks, a break above this level will signal resumption of the long term uptrend from...
GBPUSD formed a cycle bottom at 1.5781 on daily chart, and the rise extended to as high as 1.6338. further rise is still possible next week, and next target would be at 1.6500-1.6600 area. Support is at...
EURUSD formed a cycle bottom at 1.3837 on daily chart. Further rise is still possible next week, and next target would be at 1.4600-1.4700 area. Support is at 1.4250, only break below this level will suggest that...
The USD depreciated for the second trading session against the Euro, the Cable and the Aussie Dollar whereas traded flat against the Japanese Yen and the Swiss Franc. It seems that the all the eyes are Euro...
European Summit expectations increase the demand for the high-risk assets.
Crude Oil prices rose yesterday, reaching as high as $99.60 per barrel in late trading. Growth differentials between the Atlantic states have risen into view this week while manufacturing output and service data revealed mild weakness in...
The pair did finally manage to break above the upper limit of its daily range at 1,08. We now consider that the market will resume its long term uptrend which is confirmed by the rising weekly 20...
