USDCAD remains in uptrend from 1.0051, the fall from 1.0422 is treated as correction of uptrend. Another rise towards 1.0656 previous high is still possible after correction. Resistance is at 1.0300, a break above this level could...
USDCHF remains in uptrend from 0.8569, the pullback from 0.9546 is likely consolidation of uptrend. Initial support is at 0.9240, as long as this level holds, we’d expect uptrend to resume, and another rise towards 1.0000 is...
USDJPY formed a sideways consolidation in a range between 75.57 and 79.52. Lengthier consolidation in the range could be expected to continue over the next several days.
AUDUSD is in downtrend from 1.0378, the rise from 0.9861 would possibly be correction of downtrend. Another fall towards 0.9390 previous low would likely be seen after correction, and a breakdown below 0.9861 could signal resumption of...
Being supported by 1.5272 previous low, GBPUSD moved sideways in a range between 1.5423 and 1.5779. The price action in the range is likely consolidation of downtrend from 1.6164. As long as 1.5779 key resistance holds, another...
EURUSD stays in a downward price channel on daily chart, and remains in downtrend from 1.4246. Initial resistance is at the upper line of the channel, as long as the channel resistance holds, downtrend could be expected...
Despite starting Thursday off on a promising note, the euro managed to tumble against most of its main currency rivals as the euro-zone debt crisis continues to drive investors away from the currency.
The AUD/USD pair rose on Thursday as the bulls stepped back in to push back against the fall at the end of the Wednesday session. The pair is highly risk-sensitive, so we aren’t big fans of being...
EUR/USD rose again during the session on Thursday as the “risk on” move came back into the markets in general. The stock markets gained, and the optimism increased during the session judging by the rise in such...
GBP/USD rose and then fell again on Thursday as the 1.57 level held the market down again. The pair looks likely to stay in the 1.57 – 1.55 range for the short-term as the levels simply cannot...
