The EUR/USD pair fell during the session on Monday, but bounced towards the end of the day to form something along the lines of a hammer. This suggests that the market is going to make a serious...
The AUD/USD pair fell during the session on Monday, but just slightly so. It looks like we are continuing to try to form some type of rounded base at this point, and as a result we think...
NZD/USD has enjoyed a strong rally last week, as the RBNZ interest rate statement turned out relatively hawkish. Governor Wheeler specified that the central bank might keep rates low until next year only, prompting traders to speculate...
Successful Forex traders know that it pays to stay abreast of the politics and economic policies of the countries whose currencies they’re interested in. Due to the financial upheavals and political instability across multiple nations over the...
USDCAD’s fall extends to as low as 1.0255. Further decline would likely be seen next week, and next target would be at 1.0150 area. Key support is at 1.0137, a breakdown below this level could signal completion...
USDCHF’s fall from 0.9751 extends to as low as 0.9264. Further decline to test 0.9130 support could be expected next week, a breakdown below this level will indicate that the downtrend from 0.9838 has resumed, then the...
USDJPY continues its sideways movement in a range between 93.79 and 103.73. Key support is at 93.79, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...
AUDUSD is facing 0.9344 key resistance, as long as this level holds, the rise from 0.8998 could be treated as consolidation of the downtrend from 1.0582, and one more fall towards 0.8500 is still possible.
GBPUSD’s rise from 1.4813 extends to as high as 1.5433. The uptrend could be expected to continue next week, and next target would be at 1.5600 area.
EURUSD is facing 1.3415 resistance, as long as this level holds, the price action from 1.2747 could be treated as consolidation of the downtrend from 1.3711, and one more fall towards 1.2500 is still possible after consolidation.
