Last Friday’s NFP release, which came in stronger than expected, pushed EUR/USD back to the 1.3000 major psychological level. This support zone seems to be holding at the moment as stochastic reached the oversold region and started...
USDCAD remains in uptrend from 0.9815, the fall from 1.0341 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.0500 area. Support is at 1.0200, only break...
USDCHF’s upward movement from 0.9021 extends to as high as 0.9552. Further rise could be expected after a minor consolidation, and next target would be at 0.9700 area.
After consolidation, USDJPY continues its upward movement from 77.14, and the rise extends to as low as 96.55. Further rise could be expected and next target would be at 98.50 area.
AUDUSD’s downward movement from 1.0597 extends to as low as 1.0115. Further decline would likely be seen and next target would be at 1.0000 area. Key resistance is at 1.0400, only break above this level could signal...
GBPUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.6339, and the fall extends to as low as 1.4887. Further decline could be expected after a minor consolidation, and next target...
EURUSD remains in downtrend from 1.3711. Resistance is at 1.3200, as long as this level holds, the downtrend could be expected to continue, and further decline to 1.2750 area could be expected.
The USD/JPY pair broke above the 95 handle during the session on Friday, after the United States announced that it had added 265,000 jobs in the month of February. This is a typical “risk on” type of...
The USD/CAD pair fell during the session on Friday, but as you can see bounced in order to form a hammer. This hammer is essentially revolving around the 1.03 level, and does look supportive. However, we need...
The GBP/USD pair broke through the 1.50 support level during the session on Friday, showing a new leg lower in this marketplace. This was predicated mainly upon the Americans announcing that they added 265,000 jobs during the...
