The Dollar Index is trading near to the support of 78.20; though the medium-term trend is bearish, DXH2 may trade sideways between 79.80 and 78.20. The long-term trend is still bearish till the Dollar Index does not...
USD/CAD fell on Friday as traders continued to sell the Dollar in general. However, the parity level continues to put up a fight and offer support. The pair has yet to close convincingly below that mark, and...
AUD/USD rose again on Friday as the Dollar continues to get sold off. The bad GDP numbers out of the United States certainly did nothing to inspire confidence in the economy, and as a result, traders went...
USD/CHF fell on Friday as traders continued to sell the Dollar in general. The pair has seen a brutal selloff lately, and the breaking below of the hammer from Thursday is indeed a very bearish sign.
GBP/USD rose during the Friday session as the Dollar continues to weaken. The area above is the start of significant resistance though, and it is at this point that we will find out just how strong the...
USD/JPY fell during the Friday session as the Dollar continues to weaken against most other currencies. The area just below starts the support level that the Bank of Japan has been defending, so this area could produce...
EUR/USD continued to rise during the Friday session as the shooting star from Thursday got violated. The 1.32 level has been breached, and the market looks very healthy at this point in time.
USDCAD’s fall from 1.0422 extended to as low as 0.9981. Further decline is still possible next week, and next target would be at 0.9700-0.9800 area. Resistance is at 1.0100, as long as this level holds, downtrend will...
USDCHF broke below 0.9244 key support, suggesting that a cycle top has been formed at 0.9594 on daily chart, and the rise from 0.8569 has completed. Further decline is expected in a couple of weeks, and the...
USDJPY moved sideways in a trading range between 75.57 and 79.52 for several weeks. Another fall to test 75.57 key support would likely be seen next week, a breakdown below this level could signal resumption of the...
