AUD/USD fell during the session on Friday as the 1.02 level continues to act as a zone of interest. The market growth below the bottom of the hammer that was formed on Thursday, and as such we...
Comments from European Central Bank President Mario Draghi that the central bank’s bond-buying program is ready to be activated supported the Euro versus the British pound in the previous European trading exchanges.
With most of the asset classes, especially the equities correcting, the Dollar Index appreciated of the European lows during the American session. The Greenback gained most against the Cable followed by the Aussie.
EUR-USD Weekly chart Last review After the price has corrected the last downtrend which is marked in a black broken line (from point number 5) by a third (38.2%) by reaching to the 1.3150 price level and...
USDCAD is forming a cycle top at 0.9884 on daily chart. Further decline to test 0.9632 support could be seen next week, a breakdown below this level will signal resumption of the downtrend from 1.0445, then next...
USDCHF may be forming a cycle top at 0.9437 on daily chart. Initial support is at 0.9239, a breakdown below this level could signal resumption of the downtrend from 0.9971, then further decline to 0.9000 area could...
USDJPY is facing the downward trend line resistance again, a clear break above the trend line will indicate that the downward movement from 80.61 has completed at 77.14 already, then further rise to 80.00 area could be...
AUDUSD’s fall from 1.0624 extends to as low as 1.0151. Deeper decline is still possible next week, and the target would be at 1.0000-1.0050 area. However the price action from 1.0512 is likely consolidation of the uptrend...
GBPUSD may be forming a cycle bottom at 1.6066 on daily chart. Further rise to test 1.6309 resistance would likely be seen next week, a break above this level could signal resumption of the uptrend from 1.5393,...
EURUSD may be forming a cycle bottom at 1.2803 on daily chart. Range trading between 1.2803 and 1.3171 would likely be seen next week. Support is now at 1.2803, as long as this level holds, the price...
