The AUD/USD pair had a very significant fall during the Friday session as the 1.05 level gave way. This was a strikingly strong move, but it should be mentioned that we are approaching the uptrend line of...
The USD/CAD pair rose during the Friday session as the 0.9850 level acted as support. The result of this was the printing of a hammer for the weekly candle, and it does look like we are going...
USDCAD stays below a downward trend line on daily chart, and remains in downtrend from 1.0445. As long as the trend line resistance holds, downtrend could be expected to continue, and further decline to 0.9800 area is...
USDCHF stays in a upward price channel on daily chart, and remains in uptrend from 0.8931, the fall from 0.9971 is treated as consolidation of the uptrend. Support is at the lower line of the channel, uptrend...
USDJPY breaks above the upper line of the price channel on daily chart, suggesting that a cycle bottom has been formed at 77.92, and the downtrend from 80.61 has completed. Further rise could be expected next week,...
AUDUSD stays in a upward price channel on daily chart, and remains in uptrend from 0.9581, and the fall from 1.0612 is treated as consolidation of the uptrend. Support is now located at the lower border of...
GBPUSD stays in a trading range between 1.5393 and 1.5776. Lengthier consolidation in the range would likely be seen in a couple of weeks. Key resistance is at 1.5776, a break above this level will target 1.5900...
EURUSD remains in downtrend from 1.3486, the rise from 1.2042 is treated as consolidation of the downtrend. Further rise to 1.2600 area to complete the consolidation would likely be seen. Key resistance is located at 1.2747, as...
German Chancellor Angela Merkel seemed to have done something significant for the Euro Zone as market sentiment was lifted because of her statement conveying support for the European Central Bank’s plan to intervene in the bond markets.
There seems to be a disconnect between the economic news and market action. Specifically, the action of the Spanish IBEX 35 Index, today up 2.09%, and the Italian FTSE MIB Index up 1.08% seems to contradict economic...
