GBPUSD broke below 1.5272 support, suggesting that the downtrend from 1.6745 (Apr 28, 2011 high) has resumed. Further decline would likely be seen next week, and next target would be at 1.5000 area. Resistance is now at...
EURUSD’s downward movement extended to as low as 1.2624. Resistance is at the upper line of the price channel on daily chart, as long as the channel resistance holds, downtrend could be expected to continue, and next...
The euro pared recent losses against its main currency rivals on Thursday, following a successful Spanish bond auction. The EUR/USD climbed well above the 1.2700 level, while the EUR/JPY saw steady gains throughout the day.
AUD/USD rose on Thursday in order to attempt a run at the 1.04 resistance area. The pair did manage to hold onto gains, but just barely. The candle formed was a shooting star, and is at the...
EUR/USD rose during the Thursday session as traders celebrated successful bond auctions in both Italy and Spain. However, the recent downtrend is certainly intact, and it is hard to think that it suddenly will give way based...
GBP/USD fell below the 1.53 level on Thursday, but didn’t manage to stay under it. The area is serious support, and a breaking below the support zone would have massive implications in the pair going forward.
USD/CAD continues to trade in a tightening range as the oil markets have been so back-and-forth. The pair certainly has been tough to trade over the last several weeks, and we now are starting to see a...
USD/CHF fell for the session as the Dollar got hit all around. Weaker than expected December retail sales were a weight on the “risk on” sentiment for the session, and as a result the Dollar fell against...
USD/JPY had a fairly quiet session on Thursday as the pair continues to bump along the bottom of a consolidation area. The 76.50 area should continue to offer support, and the Bank of Japan is below waiting...
Ahead of a key European interest rate announcement scheduled for later today, the EUR once again has turned bearish following comments from a from a leading credit agency which highlighted just how vulnerable the currency is.
