The EUR/USD pair rose during the session on Friday as the 1.30 level continues to offer strong support in this pair. The bullish sentiment in the Euro will more than likely be short-term at best, and rallies...
Trading price channels are a valuable tool for traders to identify and capitalize on price movements within a specific range. Price channels are formed when an asset’s price moves between two parallel trend lines, creating opportunities for...
USDCAD moves sideways in a range between 0.9841 and 1.0050, as long as 1.0050 resistance holds, downtrend could be expected to resume, and one more fall to 0.9600-0.9700 area is still possible. On the upside, a break...
USDCHF rebounded from the lower line of the price channel on daily chart, and the rise from 0.8931 had extended as high as 0.9333. Further rise is still possible next week, and next target would be at...
USDJPY’s upward movement extended to as high as 84.17. Further rise to test 85.51 (Apr 6, 2011 high) resistance could be expected next week. Support is at 82.50, only breakdown below this level could signal completion of...
AUDUSD is now in downtrend from 1.0855, and the fall extended to as low as 1.0421. Further decline is still possible after a minor consolidation, and next target would be at 1.0200 area. Resistance is at 1.0670,...
After touching 1.5645 support, GBPUSD rebounded from 1.5602, suggesting that a cycle bottom has formed on daily chart. However, the rise would possibly be correction of the downtrend from 1.5991, another fall towards 1.5236 previous low is...
EURUSD is now in downtrend from 1.3486, and the fall extended to as low as 1.3003. Further decline is still possible after a minor consolidation, and next target would be at 1.2800 area. Resistance is at 1.3300,...
The US dollar largely maintained its recent gains against the euro throughout yesterday’s trading session, as a batch of positive US data continued to boost confidence in the American economic recovery.
The AUD/USD pair bounced from the start of the 1.04 level on Thursday, overtaking the losses from the Wednesday session. The pair also bounced from the 38.2 Fibonacci level, and this bodes well for the bulls at...
