AUDUSD has formed a cycle bottom at 1.0344 on daily chart. Further rise to test 1.0585 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.0149, then next target...
GBPUSD has formed a cycle top at 1.6339 on daily chart. Further decline could be seen over the next several days, and next target would be at 1.5900 area. Key resistance is at 1.6339, only break above...
EURUSD breaks below the lower line of the price channel on daily chart, suggesting that the upward movement from 1.2661 has completed. Further decline would likely be seen, and the target would be at 1.2700-1.2800 area.
The USD/JPY pair had another strong session during the day on Friday, as the nonfarm payroll numbers of the United States came in right at consensus.
The USD/CAD pair went back and forth during the session on Friday as the 0.99 handle continues to be a magnet for price. However, by the end of the day the market closed below that level, and...
The GBP/USD pair fell during the Friday session, but found plenty of support at the 1.60 level in order to bounce and formed a nice-looking hammer. This hammer is formed essentially where you expected to be, and...
The EUR/USD pair had a slightly positive session for the Friday trading day, bouncing off of the 1.30 level. However, we think that the 1.3150 level above should continue to be resistant, and as a result we...
The AUD/USD pair fell initially during the Friday session, but 1.04 offered plenty of support and as a result we bounced hard and close of the 1.0477 level. This candle is a massive hammer, and it does...
Economic news The dollar’s performance against the euro and the yen after the fiscal cliff deal The first week of the new year started with a last-minute agreement that saw many investors’ hearts trembling on whether the...
Speculations that US lawmakers will be unable to reach an agreement to boost the nation’s borrowing limit before the government runs out of money in the next two-months, boosted safe-haven assets yesterday.
