AUDUSD’s upward movement from 0.9581 extends to as high as 1.0612. Further rise is still possible after a minor consolidation, and next target would be at 1.0700 area. Support is at the uptrend line on daily chart,...
GBPUSD has formed a sideways consolidation in a range between 1.5393 and 1.5776. Another rise to test 1.5776 resistance would likely be seen, a break above this level will target 1.5900 area. Key support is at 1.5393,...
EURUSD is in consolidation of the downtrend from 1.3486. Another rise to 1.2600 area to complete the consolidation would likely be seen over the next several days. Key resistance is at 1.2747, as long as this level...
Market review for 09.08.12: The Australian dollar strengthened amid results of the Employment change report.
Weak economic data springing from Germany continued to put pressure on the Euro in the previous European trading exchanges, resulting to its loss of 30 pips versus the British pound.
USD/JPY had a slightly bullish session for Thursday although it did end up giving back quite a bit of the gains by the end of the session in order to form a less than impressive green candle.
Thursday saw the USD/CAD accelerate to the downside as we have suggested after the Wednesday trading session. The fact that we have broken the bottom of the downtrend channel, suggest that perhaps the downward momentum is about...
The GBP/USD had a slightly bearish session during the Thursday markets, as the “risk off” trade came back into play. However, by the end of the session we manage to regain half of our losses in order...
The EUR/USD pair managed to fall yet again during the Thursday session, and even break down below the 1.23 level. However, by the end of the session we saw the 1.23 level attract buyers again, and it...
The AUD/USD pair rose again during the Thursday session, but gave back over half of its gains in order to form a shooting star. While this normally would have us thinking of a short position in the...
