GBP/USD fell on Friday as traders continue to show concern of all things European related. The 1.55 to 1.53 level is one massive support zone, and a break below that area would signal that the rout is...
The USD/JPY pair fell on Friday as traders sold off risk everywhere, and the Yen got a bid in general. However, the pair is near the bottom of its most recent range, and the levels below will...
The EUR/USD pair fell on Friday as the Non-Farm Payroll report showed that American jobs continue to be added. This could be the result of just another example of US strength, and the fact that Europe is...
Being supported by the lower line of the triangle pattern, USDCAD rebounded from 1.0076, suggesting that the fall from 1.0422 has completed. Further rise could be seen over the next several days, and the target is at...
USDCHF broke above 0.9546 previous high, suggesting that the uptrend from 0.8569 has resumed. Further rise could be seen over the next several days, and the target would be at 1.0000. key support remains at 0.9244, as...
USDJPY moved sideways in a range between 75.57 and 79.52 for several weeks. Lengthier consolidation in the range could be seen in a couple of weeks. Now the pair might be forming a cycle bottom at 76.60...
AUDUSD broke above 1.0378 resistance, suggesting that the uptrend from 0.9663 has resumed. Further rise would likely be seen after a minor consolidation, and next target would be at 1.0600 area. Support is at 1.0150, only break...
GBPUSD traded sideways in a range between 1.5362 and 1.5779 for several weeks. The price action in the range is likely consolidation of downtrend from 1.6164, and another fall to re-test 1.5272 support would likely be seen...
EURUSD stays in a downward price channel on daily chart, and remains in downtrend from 1.4246. Further decline is still possible over the next several days and next target would be at 1.2500 area. Resistance is at...
Since New Year EURUSD has significantly declined breaching a few major support levels and reaching its low from beginning of 2011.
