USD/CHF rose during the Friday session as traders continued the bearish tone of the markets late in the week. The pair used to fall in a “risk off” environment, but that was before the Swiss National Bank...
GBP/USD fell on Friday, but managed to pop back above the 1.60 support level again. The later ours saw the surge, and this appears as a sign that the pair wants to jump above. The area of...
The USD/JPY pair rose a bit during a very volatile session on Friday. However, the decided direction of this pair is down, and nobody expects that to change. A couple of failed interventions are all that the...
EUR/USD fell during the Friday session, but closed the day on a positive note as traders covered shorts in this pair. The Greeks are voting on the confidence in their Prime Minister, and now the Italians are...
USDCAD had formed a cycle bottom at 0.9891 on daily chart. Further rise is expected after a minor consolidation, and target would be at 1.0400 area. However, the rise would possibly be correction of downtrend from 1.0656,...
USDCHF broke above the downtrend line on daily chart, suggesting that a cycle bottom is being formed at 0.8569. Range trading between 0.8569 and 0.9050 would likely be seen in a couple of weeks. However, the rise...
USDJPY broke above 77.85 key resistance, suggesting that a cycle bottom had been formed at 75.57 on daily chart, and the fall from 85.51 had completed. Range trading between 76.50 and 79.52 could be seen in a...
AUDUSD pulled back from 1.0751 and the fall extended to as low as 1.0202, suggesting that a cycle top had been formed on daily chart. The pair is now in downtrend, deeper decline could be expected after...
GBPUSD remains in uptrend from 1.5272, the fall from 1.6164 could be treated as consolidation of uptrend. Support is at 1.5800, as long as this level holds, uptrend could be expected to resume, and another rise towards...
EURUSD had formed a cycle top at 1.4246 on daily chart, and the pair is now in downtrend. Resistance is at 1.4000, as long as this level holds, deeper decline could be seen after a minor consolidation,...
