The GBP/USD pair rose significantly on Friday as the 1.62 handle has been broken. The market looks very supportive of the British pound in general, and as such we think this trend should continue.
The EUR/USD pair rose during the session on Friday, clearing the 1.30 level as resistance. This area should now form a little bit of support in this marketplace, and as such we would be interested in buying...
The AUD/USD pair had a strong showing for most of the session on Friday, but turned around and formed a shooting star. In fact, this was a very wicked shooting star that would have a lot of...
The meeting of the Eurogroup officials last week raised hopes that Spain would be asking for financial aid soon, giving rise to the incline of the Euro versus the Great British pound in the previous European trading...
USDCAD’s downward movement from 1.0445 extends to as low as 0.9632. Further decline could be expected next week, and next target would be at 0.9500 area. Resistance is at 0.9780, as long as this level holds, the...
USDCHF continues its downward movement from 0.9971, and reaches as low as 0.9238. Further decline is still possible next week, and next target would be at 0.9000 area. Resistance is now at 0.9420, as long as this...
USDJPY may be forming a cycle bottom at 77.14 on daily chart. Further rise to test the resistance of the downtrend line from 80.61 to 79.65 could be expected next week, a clear break above the trend...
AUDUSD breaks above 1.0612 resistance and reaches as high as 1.0624, suggesting that the uptrend from 0.9581 has resumed. Further rise could be expected next week, and next target would be at 1.0800 area. Support is at...
GBPUSD’s upward movement from 1.5268 extends to as high as 1.6254, and is now facing 1.6301 resistance. Consolidation of the uptrend could be expected next week, and the trading range would be between 1.6050 and 1.6301. Uptrend...
EURUSD continues its upward movement from 1.2042, and the rise extends to as high as 1.3168. Further rise could be expected next week, and next target would be at 1.3400 area. Support levels are now at 1.2940...
