USD/CHF had a very quiet session on Monday as traders are starting to think of holidays, and not so much of economics. The pair continues to find support at the 0.93 level, and this is just below...
GBP/USD fell during the session on Monday as the markets went into the “risk off” trade. The Pound does enjoy support at the 1.55 level, and the bounce during the later hours of the session on Monday...
USD/JPY had a strong day on Monday as the Dollar is being bought up by traders in a bit to run to “safe havens”. The Dollar is without a doubt going to get a bid every time...
EUR/USD fell on Monday as the market continues to concern itself with the European debt crisis. The Euro is fairly untouchable at the moment, even if it is sitting right on the 1.30 level, an obvious support...
The Dollar Index is trading range bound on the advent of long holiday season; Major trend is range bound between 73.40 and 81.40 where as the medium trend is bullish till 77.50 ranges are holding, though 81.40...
As the holiday season approaches liquidity in the FX markets typically dries up as trading desks operate on skeleton staffs. However, with the European debt crisis coming to a head, the last two weeks of the year...
USDCAD had formed a cycle bottom at 1.0051 on daily chart. Further rise to test 0.0523 resistance could be seen, a break above this this level will target 1.1000 area. Support is at 1.0250, as long as...
USDCHF broke above 0.9329 resistance, suggesting that the uptrend from 0.8569 has resumed. Further rise could be seen over the next several days. Support is at the upward trend line on daily chart, only a clear break...
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 over the next several days.
AUDUSD had formed a cycle top at 1.0378 on daily chart. Another fall towards 1.9390 previous low would likely be seen over the next several days. Resistance is at 1.0100, as long as this level holds, downtrend...
