GBPUSD broke below 1.5423 support, suggesting that the downtrend from 1.6164 has resumed. Further fall to test 1.5272 support is extended, a breakdown below this level could signal resumption of the downtrend from 1.6745 (Apr 28 high)....
EURUSD broke below 1.3146 support, suggesting that the downtrend from 1.4246 has resumed. Further decline could be seen in a couple of weeks, and next target would be at 1.2500 area. Resistance remains at the upper border...
AUD/USD fell below the parity level a few sessions ago, and Friday saw a very bearish candle as the day saw an attempt to rally above that parity level, only to form a shooting star at the close.
USD/CHF fell on Friday as traders continue to buy back the Franc after the lack of a rise in the “floor” of the EUR/CHF pair. Traders had expected the Swiss National Bank to raise the minimum accepted...
GBP/USD saw a fairly muted move on Friday as the markets overall tried to rally. However, the “risk on” traders we stymied by the end of the bell as the stock markets ended up fairly flat.
USD/JPY fell on Friday as traders sold off the Dollar in general. The pair did bounce towards the end of the session though, and the resulting candle for the session was a hammer.
EUR/USD rose slightly on Friday as traders did a bit of profit taking before the weekend. However, the options markets are showing that the net short positions in the Euro are at all-time highs, suggesting that the...
Following the decision by the SNB to keep the EUR/CHF floor unchanged 1.20, the CHF strengthened the most since September. As the European debt crisis comes to a head, perhaps this could be the time investors test...
AUD/USD rose during the session on Thursday to retest the parity level as resistance. As the level was former support, this is very common from a technical perspective.
EUR/USD had a fairly quiet day during the Thursday session as the 1.30 level came into play to offer support. The area is a major one, and the 1.29 would need to be broken in order to...
