Strong equity bourses across the world, especially the benchmark index of the Dow Jones Industrials resulted in the Dollar Index loosing more then 1.2 points during last week. The medium trend is bullish till 79.60 ranges are...
The USD/CAD pair rose on Friday as the 200 day EMA held as support, along with the bottom of the triangle. The oil markets fell, and this is always bad for the Loonie given enough time. However,...
The AUD/USD pair rose on Friday and even broke above the 1.04 level that we have been watching for a couple of weeks. The reason this area is so interesting is that the level is the top...
The USD/CHF pair rose on Friday as the week had seen so many losses in this pair. Although the bounce came it was very weak, and even looks a bit like a shooting star at the bottom...
The GBP/USD pair rose on Friday and continued the massively bullish move we had seen over the last several days as the 1.55 level gave way as resistance. The move was relentless, and it appears that some...
The USD/JPY pair fell on Friday to remain in the tight range it has been sitting in for two weeks. The pair is simply “stuck”, but this only confirms the “boundaries” of which the short-term trader can...
The EUR/USD pair fell on Friday as traders sold the Euro on concerns of the Greek debts talks stalling. However, the pair was bought back up during the US session, and has formed a hammer on the...
USDCAD broke below the triangle pattern on daily chart. Further decline could be seen over the next several weeks, and target would be at 0.9600-0.9700 area. Resistance is at 1.0230, as long as this level holds, downtrend...
USDCHF is forming a cycle top at 0.9594 on daily chart. Deeper decline to test 0.9244 key support could be seen next week, a breakdown below this level will indicate that the uptrend from 0.8569 has completed...
USDJPY stays in a trading range between 75.57 and 79.52. Lengthier consolidation in the range is still possible over the next several weeks. Now the pair may be forming a cycle bottom at 76.55 on daily chart,...
