As investors remain fixated on events in Europe FX traders may overlook an important Fed meeting. If the euro zone succeeds in restoring some sense of stability investors could begin to refocus their attention on the loose...
High volatility was witnessed in the FX market during last week on the event of low volumes and Global economic uncertainity . Major trend is range bound between 73.40 and 81.20 where as the medium trend is...
USD/CAD had another tight day on Friday as the market ended up down slightly. The pair will follow the oil markets over time, and with those markets currently range bound, it makes sense that the Canadian dollar...
AUD/USD had originally fallen on Friday, only to bounce again and form a hammer in a very supportive manner just above the obvious parity support level. The recent consolidation has focused on the 1.03 level, which has...
USD/CHF had another tight range for the Friday session as the market ended up down slightly. The Swiss National Bank has put a floor in the EUR/CHF pair at 1.20, and announced that it is willing to...
GBP/USD had originally gained on Friday, only to fall again from the 1.57 resistance area. The resulting candle is a shooting star, and the pair simply looks too weak to overcome this area.
USD/JPY fell during the Friday session as the Dollar got sold off. This pair is decidedly bearish, and the downside pressure seems to be continuing. The Bank of Japan intervenes every once in a while, but the...
EUR/USD was the focus of the world’s attention on Friday as the EU summit was coming to a close. The market was waiting to see what could come out of Brussels, and the result was enough to...
USDCAD remains in downtrend from 1.0523. The rise from 1.0051 would possibly be consolidation of downtrend. Another fall could be expected after consolidation, and next target would be at 0.9800 area. Resistance is now at 1.0260, as...
USDCHF might be forming a cycle top at 0.9329 on daily chart. Key support is at 0.9065, a break below this level will trigger another fall to 0.8400 area. Resistance is at 0.9329, only break above this...
