AUDUSD is facing the support of the upward trend line on daily chart, a clear break below the trend line support will indicate that the uptrend from 1.0149 had completed at 1.0597 already, then the following downward...
GBPUSD broke below 1.5827 support and reaches as low as 1.5745. The downward movement could be expected to continue next week, and next target would be at 1.5600 area.
EURUSD’s upward movement from 1.2661 extends to as high as 1.3479. Support is now at 1.3340, followed by the upward trend line on daily chart. As long as the trend line support holds, the uptrend could be...
The USD/JPY pair rose again during the Friday session in order to pierce the 91 and over the first time in ages. We are now clearly over the 90 handle, and as a result it looks like...
The USD/CAD pair shot straight through the resistance of the 1.0050 level that we had been watching on Friday. This area was significant in its magnitude, and the fact that we sliced through so effortlessly is indeed...
The GBP/USD pair fell during most of the session on Friday, but caught a significant bounce late in the day. With this bounce, we have formed a hammer right at the 1.58 level. This is significant in...
The EUR/USD pair had a strong session on Friday, and even threatened to break above the 1.35 handle. In the end it did not however, and as a result that barrier still stands.
The AUD/USD pair has been a very difficult one to trade recently. Quite frankly, this pair “should” be going higher at this point time as there’s more of a “risk on” attitude to the marketplace. However, as...
The USDCHF currency pair trends lower today as fiscal issues hound the world’s largest economy. The US dollar falls to the Swiss franc on improved sentiment for the Swiss nation.
Better than forecasted German manufacturing data led to modest gains for higher-yielding assets during European trading yesterday. That being said, a record high Spanish unemployment rate limited bullish movement for currencies and commodities like the euro and...
