Weak fundamentals have been weighing on the pound for the past few days as the odds are tilted towards further monetary policy easing from the BOE. GBP/USD is consolidating around the 1.5500 handle at the moment but...
The Yen is presumed to maintain its losses alongside the Australian dollar to begin the week after global financial leaders gathered in Moscow played down fears of a currency war and signaled they would not interfere in...
Market Commentary The Dollar Index (DX) is trading strong at 80.70 ranges resulting in most of the asset classes depreciating or forcing them to in narrow ranges at their respective resistances; next leg of Dollar weakness is...
USDCAD stays in a trading range between 0.9932 and 1.0100. As long as 1.0100 resistance holds, another fall could be expected, and a breakdown below 0.9932 support will conform that the upward movement from 0.9632 has completed...
USDCHF remains in downtrend from 0.9971, the rise from 0.9021 is likely consolidation of the downtrend. Further rally could be expected next week, and the target would be at the downward trend line on daily chart.
USDJPY’s upward movement from 77.14 extends to as high as 94.43. Further rise could be expected after a minor consolidation, and next target would be at 95.00-96.00 area.
AUDUSD remains in downtrend from 1.0597, the rise from 1.0226 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0100 area.
GBPUSD continues its downward movement from 1.6339, and the fall extends to as low as 1.5462. Resistance is now located at the downward trend line on daily chart, as long as the trend line resistance holds, further...
EURUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.2661. As long as the trend line support holds, the fall from 1.3711 could be treated as consolidation of the uptrend.
The USD/JPY pair fell during the session on Friday, but found enough support at the 92 handle to bounce and form a hammer. This hammer suggests that we are going higher, but we do think that this...
