The Greenback continued to trade firm against most of the FX majors on the event of continued correction in the prices of most of the asset classes especially the equities. Double dip depression in the US is...
USD/CAD fell hard on Friday, and even closed at the bottom of the range. The pair is testing the 0.98 level, and we see the next 100 pips down to the 0.97 level as massive support.
The AUD/USD pair managed a bounce from the two previous hammers that it printed this week. The Friday action was positive, but not overly so. The pair looks like it is going to grind higher, so a...
USD/CHF rose on Friday, and the pair seems to be lifting slowly. The Swiss National Bank is selling the Franc anytime it rises, so buying this pair is the only way to go in this pair. The...
The GBP/USD market continues to meander around the 1.57 – 1.58 area. The pair recently broke through the massive support area in the form of the 1.5850 area, and looks to be weak in the face of...
USD/JPY managed a slightly positive day on Friday as traders continue to respect the 76 handle as support in this pair. There are even rumors of the Bank of Japan intervening in the markets clandestinely at this...
The EUR/USD fell on Friday, and more importantly failed to close above the previous support area that kept this pair afloat. Now it seems that “what was once support is now resistance” and as a classic technical...
After touching 1.0009 resistance, USDCAD pulled back from 1.0025, suggesting that lengthier consolidation of uptrend from 0.9406 is underway. Deeper decline to test 0.9725 support would likely be seen next week, as long as this level holds,...
USDCHF remains in uptrend from 0.7067, the fall from 0.8925 is treated as consolidation of uptrend. Pullback to the uptrend line on daily chart would likely be seen next week. As long as the trend line support...
USDJPY may be forming a cycle top at 77.85 on daily chart. Another fall to test 75.96 key support would likely be seen next week, a breakdown below this level will signal resumption of the long term...
