The USD/CAD pair went back and forth for the Friday session as the market simply cannot make any real headway in either direction currently. This is because of several different factors, but most notably the oil markets,...
The AUD/USD pair fell during the session on Friday as the Non-Farm Payroll numbers were better than expected. However, it should be noted that the recent hammer at the 1.05 level is still there to offer support,...
The USD/CHF pair rose rapidly during the Friday session as the market bought the US dollar on the whole. The Non-Farm Payroll numbers were better than expected, and as a result the world ran to the USA.
The GBP/USD pair fell hard during the session on Friday in order to test the support at the 1.5650 level. This area held again, but it must be stated that the session closed at the absolute lows,...
The USD/JPY pair took off again on Friday as the Non-Farm Payroll numbers came in better than expected. The pair continues to attract inflows as the Bank of Japan continues to add to their bond buyback program,...
The EUR/USD pair fell hard on Friday as the Non-Farm Payroll number came out better than expected. The Greeks we also finally labeled as being in default, and the CDS markets saw the insurance policies triggered.
USDCAD remains in downtrend from 1.0422, and the fall extended to as low as 0.9841. As long as 1.0050 key resistance holds, the price action in the trading range between 0.9841 and 1.0050 is treated as consolidation...
Being supported by the lower line of the price channel on 4-hour chart, USDCHF rebounded from 0.8931, suggesting that a cycle bottom has been formed on daily chart. Further rise could be seen in a couple of...
USDJPY remains in uptrend from 76.02 and the rise extends to as high as 82.64. The upward movement could be expected to continue in a couple of weeks and next target would be at 85.00 area. Support...
AUDUSD breaks below 1.0596 key support, suggesting that the upward movement from 0.9663 has completed at 1.0855 already. Further decline would likely be seen in a couple of weeks, and next target would be at 1.0200.
