USDJPY stays below a downward trend line on daily chart, and remains in downtrend from 84.17. As long as the trend line resistance holds, downtrend could be expected to continue next week, and next target would be...
AUDUSD is forming a cycle bottom at 1.0225 on daily chart. Further rally would likely be seen next week, and the target would be at 1.0550-1.0600 area. However, the rise would possibly be consolidation of the downtrend...
GBPUSD breaks above 1.6062 previous high and reaches as high as 1.6148. Further rise could be expected next week, and next target would be at 1.6300 area. Support is now located on the upward trend line on...
EURUSD traded in a range between 1.2975 and 1.3486. Key support is at 1.2975, a breakdown below this level will signal resumption of the long term downtrend from 1.4939, then further decline towards 1.2500 could be seen....
The USD/JPY pair rose during the Thursday session as the uptrend continues to push the pair higher. The candle has broken above the shooting star shaped candle on Wednesday, and this looks like a breach of minor...
USD/CAD rose on the session for Thursday as the oil markets were a bit soft, and the risk appetite in the general markets fell. The pair has recently been in massive consolidation, and the move on Thursday...
The GBP/USD pair had a positive day on the session for Thursday as the Pound continues to gain after the Bank of England has suggested that the economy will not require further easing.
The EUR/USD pair had an important day on Thursday as the Spanish auctioned off their two and ten year bonds to a reasonable amount of demand, albeit on higher rates than the last sale.
The AUD/USD pair fell on Thursday as the risk appetite around the world fell for the session. The candle for the day went as low as the 1.03 level, a level we see as minor support. The...
The euro took moderate losses against its main currency rivals during yesterday’s trading session, following a Spanish long-term debt auction. While the auction was successful, it came at a higher than expected cost to the Spanish government,...
