The USD/CAD pair rose during the session on Monday, but it must be stated that the Memorial Day holiday was being celebrated in the United States, and since most of the trading in this marketplace takes place...
The GBP/USD pair fell slightly during the session on Monday, but considering that both the Americans and the British were off on holiday, this market will have been relatively illiquid. We are hanging around the 1.51 handle,...
The EUR/USD pair did almost nothing during the Monday session, which of course would’ve been much of a surprise considering that the Americans were celebrating Memorial Day.
The AUD/USD pair went back and forth during the session on Monday, eventually going nowhere. We are sitting on significant support, and as a result this market looks like it’s trying to form a little bit of...
After that strong rally that lasted for nearly a couple of months and more than a thousand pips, USD/JPY seems to be in the mood for a major correction.
USDCAD breaks above 1.0341 resistance, suggesting that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed. Further rise could be expected, and next target would be at 1.0500 area.
USDCHF remains in uptrend from 0.9206, the fall from 0.9838 is treated as consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart, as long as the channel support...
USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the fall from 103.73 is treated as consolidation of the uptrend. Deeper decline could be expected, and the target would be at 98.00 – 99.00 area.
AUDUSD continues its downward movement from 1.0582, and the fall extends to as low as 0.9594. Further decline is still possible next week, and next target would be at 0.9500 area.
GBPUSD’s downward movement from 1.5605 extends to as low as 1.5014. Further decline is still possible next week, and next target would be at 1.4900 area. Resistance is at 1.5250, only break above this level could signal...
