The USD/CHF pair rose during the Friday session as the “risk off” trade came back into play. The 0.91 level is the start of support all the way down to 0.90, and this area produced a bounce...
The GBP/USD pair fell hard on Friday as the Greek debt talks stalled again. With the UK’s exposure to the European Union and all things debt related, this pair was always going to fall in that environment.
USD/JPY had a quiet day on Friday as traders weren’t necessarily feeling very risky. The Yen and Dollar both enjoy safety trade status, and as a result this pair sat still. The Bank of Japan has acknowledged...
The EUR/USD pair fell on Friday as the market continues to be driven by headlines out of Athens. The lack of any deal continues to weigh on the Euro, and the fact that the pair has been...
USDCAD may be forming a cycle bottom at 0.9925 on daily chart. Further rally would likely be seen next week, and next target would be at 1.0150 area. Support is at 0.9925, only break below this level...
USDCHF’s downward movement extended to as low as 0.9088. Further decline is still possible next week, and the target would be at the lower line of the price channel on 4-hour chart. Resistance is at 0.9265, only...
Being supported by 75.57 previous low, USDJPY rebounded strongly from 76.02. Further rise to test 79.52 resistance is still possible after consolidation, as long as this level holds, lengthier sideways movement between 75.57 and 79.52 could be...
AUDUSD’s uptrend from 0.9861 extended to as high as 1.0844, the subsequent pullback is treated as consolidation of the uptrend. Key support is at 1.0525, as long as this level holds, one more rise to 1.0900-1.1000 area...
GBPUSD may be forming a cycle top at 1.5928 on daily chart. Key support is at 1.5640, a breakdown below this level will confirm the cycle top. However, as long as 1.5640 level holds, the fall from...
EURUSD’s bounce from 1.2624 extended to as high as 1.3320. Further rise is still possible next week, and next target would be at 1.3500-1.3600 area. Key support is at 1.3026, only break below this level could indicate...
