The euro appreciated significantly against other major currencies after ECB President Mario Draghi announced at a news conference on Thursday that the bank’s decision to keep its key interest rate unchanged was taken unanimously by the bank’s...
The euro saw bullish movement against most of its main currency rivals on Friday, as investor confidence in the EU economic recovery remained high after the European Central Bank left interest rates unchanged earlier in the week.
Comments from Japanese and Australian leaders over the weekend are deemed to sustain the bullish trend of the AUDJPY to begin the new trading week. Japanese Prime Minister Shinzo Abe continued to call on the Bank of...
USDCAD breaks below 0.9824 support and reaches as low as 0.9815, suggesting that the downtrend from 1.0055 has resumed. Further decline could be expected next week, and next target would be at 0.9700 area.
USDCHF has formed a cycle top at 0.9302 on daily chart. Further decline to test 0.9083 support could be seen next week, a breakdown below this level will signal resumption of the downtrend from 0.9511, then next...
USDJPY’s upward movement from 77.14 extends to as high as 89.44. Further rise could be expected next week, and next target would be at 91.00 area. Support is now at 88.00 only break below this level will...
AUDUSD breaks above 1.0585 previous high resistance, suggest that the uptrend from 1.0149 has resumed. Further rise could be expected and next target would be at 1.0700 area. Support is at 1.0470, only break below this level...
GBPUSD may be forming a cycle bottom at 1.5993 on daily chart. Another rise towards 1.6500 would likely be seen over the next several weeks, and a break above 1.6200 will confirm the resumption of the uptrend...
EURUSD has formed a cycle bottom at 1.2998 on daily chart, and the rise from 1.2998 is likely resumption of the uptrend from 1.2661. The uptrend could be expected to continue next week, and next target would...
The USD/JPY pair initially pulled back during the Friday session, but got a bit of a bounce as usual and formed a nice-looking hammer at the top of the massive green candles from Wednesday and Thursday.
