USDJPY continued its short term upward movement from 109.11 and the rise extended to as high as 110.81. Further rise could be expected and next target would be at around 111.30. Support levels are at 109.75 and...
AUDUSD is in consolidation of the uptrend from 0.7371. Range trading between 0.7450 and 0.7566 would likely be seen over the next several days. Key support is at 0.7450, as long as this levels holds, the uptrend...
GBPUSD is now in downtrend from 1.3047. Further decline could be expected over the next several days, and next target would be at 1.2600 area. Near term resistance is at 1.2850, as long as this level holds,...
EURUSD’s fall from 1.1285 extended to as low as 1.1166. Deeper decline is still possible and next target would be at around 1.1130. However, as long as 1.1109 support holds, the fall would possibly be consolidation of...
Many traders around the World keep picking the top in Indices and fail to capitalise on the trend which is to the upside. Recently, we did an article to explain World Indices could see another huge peak around...
The USD/JPY pair broke higher during the Friday session, as we clear the 110 level. Not only did we clear that level, but we also broke above the 110.50 level, where we should start to see some...
The US dollar fell precipitously against the Canadian dollar after initially being very stable during the day on Friday. This was in reaction to a much stronger than anticipated employment number coming out of Canada, and this...
The British pound fell apart during the session on Friday as we got word of the British parliamentary election results. The conservative party losing a few seats certainly did nothing to instill confidence in the British economy...
The EUR/USD pair fell initially during the day on Friday, but then bounced above the 1.12 level only to find a significant amount of selling pressure. That being the case, we dropped again and made a fresh...
The Australian dollar gapped lower at the open on Friday, and continued to grind sideways after that. We have filled the gap since then, so I think we can continue to go higher if given the opportunity....
