USDJPY is forming a sideways consolidation in a range between 75.57 and 79.52. Lengthier consolidation in the range could be expected to continue, and another rise towards 79.52 would likely be seen in a couple of weeks.
AUDUSD remains in uptrend from 0.9663, the pullback from 1.0378 is treated as consolidation of uptrend. Another rise is still possible after consolidation, and next target would be at 1.0600-1.0700 area. Support levels are at 1.0000 and...
GBPUSD broke above the upper line of the price channel on daily chart, suggesting that a cycle bottom is being formed at 1.5423. Key resistance is at 1.5779, a break above this level will signal completion of...
EURUSD is forming a cycle bottom at 1.3212 on daily chart. Key resistance is now at 1.3546, a break above this level will confirm the cycle bottom, then the following upward movement could bring price to 1.4500...
The pressure on the single currency increased after the speech of the ECB
After almost entire week of horizontal trend on EURUSD, now we might be witnessing comeback to more decisive downward movements. This time, we should justify current situation deploying fundamental analysis basics and in particular behavioral finance.
AUD/USD had a rough day on Thursday as it both shot straight up, and then fell apart. The original move was in reaction to the EU announcement of a rate cut, something the market desperately wanted.
The EUR/USD pair fell during the session on Thursday as the world first reacted positively to the rate cuts out of the EU, only to be disappointed by the lack of bond buying in the press conference...
The GBP/USD pair poked above the 1.57 level on Thursday as traders got long of the pair on optimism about the outcome of the EU summit. However, as headline after headline came out,
The USD/CAD pair skyrocketed during the session on Thursday as the “risk off” trade came back into the fray. The Canadian dollar is tied to the risk spectrum and highly sensitive to the price of oil, which...
