AUDUSD remains in downtrend from 1.0764. Deeper decline towards 0.9927 previous low is still possible next week. Resistance is at 1.0450, only break above this level could bring price back towards 1.1080 previous high.
GBPUSD broke below 1.5781 support and reached as low as 1.5707. Downtrend from 1.6617 could be expected to continue next week, and next target would be at 1.5500 zone. Resistance is at 1.5900, only break above this...
EURUSD has formed a cycle bottom at 1.3499 on daily chart. Now the bounce from 1.3499 is treated as consolidation of downtrend from 1.4939, range trading between 1.3499 and 1.4000 would likely be seen in a couple...
Most significant on today’s calendar will be the US publication of its TIC Long-Term Purchases data and consumer confidence data. Should today’s news foreshadow a modest growth in the US investments, an assessment that does, however,
The EUR/USD pair spiked on the session during Thursday as the announcement of USD liquidity measures out of no less than 5 central banks will help the EU banks borrow in USD.
The GBP/USD pair rose on Thursday as the hammer from the Wednesday session was triggered for a buy signal. However, towards the end of the session, the buying abated and even formed a 4 hour shooting star...
USD/CAD fell on the Thursday session, falling far enough to find the recent lows in the 0.9850 area. The support area we have marked is between 0.98 and 0.97 as far as larger support, and as such...
USD/CHF fell on Thursday, but has bounced off of the 200-day moving average. The pair is a “buy only” pair as the USD is the last remaining global safe haven, and the CHF is being actively worked...
The USD/JPY pair originally shot up during the Thursday session, but quickly retreated as the word got out that 5 central banks are increasing the available Dollars for banks to lend each other in Europe.
Moody’s decision to reduce the credit rating of two leading French banks pressured the euro.
