GBPUSD is facing 1.5645 key support, a breakdown below this level will confirm that the upward movement from 1.5236 has completed at 1.5991 already, then the following downward movement could bring price to 1.5000 area. On the...
EURUSD breaks below the upward trend line on 4-hour chart, suggesting that the upward movement from 1.2624 has completed at 1.3486 already. Now the fall from 1.3486 would possibly be resumption of the downtrend from 1.4939 (May...
The USD/CHF pair fell hard on Thursday as the markets sold off the recent spike in the value of the Dollar against the Franc. The recent action has been very bearish, and this pullback from the bounce...
The USD/JPY pair rose a bit during the Thursday session as the Yen lost against most other major currencies. The recent break of the 80 level is a very strong signal, and as a result we are...
The AUD/USD pair rose on Thursday as the hammer from the Wednesday session triggered a lot of buying in this bullish market. The 100 day EMA is just below, and looks as if it has acted as...
The EUR/USD pair got a nice boost for the session on Thursday as traders tried to get in front of the announcement of participation rates in the Greek bond swap. The market looks as if it is...
The GBP/USD pair took off during the session on Thursday as the “risk on” trade came back into vogue. The 1.58 level has been violated, but quite frankly it is just an “average price” for the pair.
The USD/CAD pair fell on Thursday as the “risk on” trade came back in anticipation of the Greek bond swap deal. The oil markets also rose a bit during the session, and the Canadian dollar found a...
Investor optimism that Greece would successfully execute an important debt-swap, boosted riskier assets throughout yesterday’s trading session. As a result, the EUR/USD shot up over 100 pips during the European session, reaching as high as 1.3272.
The EUR/USD pair has a very slightly positive session on Wednesday as the market took a bit of a breather ahead of today’s important announcement on participation in the Greek bond haircuts.
