The USD/CAD pair fell during the shortened Monday trading during the Christmas Eve holiday. Looking this chart, we cannot help but notice that the 0.9950 level is significant resistance, while the 0.9800 level offers support.
The GBP/USD pair initially rallied during the Monday session, but found resistance that push the market back down and formed a shooting star. This shooting star sitting just on top of quite a bit of noise, and...
EUR/USD initially rallied during the shortened Christmas Eve session on Monday, but failed to hold above the 1.32 handle and formed a shooting star. The market has produced three shooting star is the last four sessions now,...
The AUD/USD pair tried to rally at the beginning of the Monday session, but with low-volume the market found it being pushed lower again by the end of the session. In fact, we closed below the 1.04...
Market Commentary The Dollar Index is finding support at 79.00 ranges to currently trade firm at 79.75 resulting in correction in most of the asset classes especially in the benchmark equity index of the Dow Industrials (.DJIA)....
USDCAD remains in downtrend from 1.0055, the rise from 0.9824 is likely correction of the downtrend. Another fall is still possible after correction, and a breakdown below 0.9824 could signal resumption f the downtrend. Resistance levels are...
USDCHF remains in downtrend from 0.9511, and the fall extends to as low as 0.9083. Further decline would likely be seen next week, and next target would be at 0.9000 area. Resistance is located at the upper...
USDJPY remains in uptrend from 77.14. Another rise could be expected after a minor consolidation, and next target would be at 86.00 area. Support is now at 83.00, as long as this level holds, the uptrend will...
AUDUSD breaks below the lower line of the price channel on daily chart, suggesting that a cycle top has been formed at 1.0585, and the uptrend from 1.0149 has completed. Further decline could be expected next week,...
Being contained by 1.6309 previous high resistance, GBPUSD pulls back from 1.6306. However, the fall is likely consolidation of the uptrend from 1.5827, range trading between 1.6100 and 1.6306 would likely be seen next week.
