Yesterday I got a few emails with requests to write about AUD/USD and EUR/GBP. As I have enough time, I will kindly write about it. Although in my last review I described the market. I will point...
AUDUSD might be forming a cycle bottom at 0.8771 level on daily chart. Further rally to test 0.9079 key resistance is expected next week, a break above this level will confirm the cycle bottom, then another rise...
EURUSD: After falling through 1.29 six days ago the EUR has failed to generate a close back above that level after several attempts. The EUR has found short term Support at the 100 day moving average as...
AUDUSD remains in uptrend from 0.8066 and the fall from 0.9221 is more likely consolidation of uptrend. Deeper decline to 0.8700 area to reach next cycle bottom on daily chart is expected next week. Key resistance is...
AUDUSD: The AUD is still trending up but with embedded high volatility. On its recent pullback it found support at it’s 200 day moving average which also coincided with trend line Support (see blue arrow). The 50...
AUDUSD has formed a cycle top at 0.9221 level on daily chart. Further decline is expected in next several days, and target would be at 0.8700 area. However, the fall from 0.9221 is treated as correction of...
AUDUSD remains in uptrend from 0.8315. Further rise to 0.9300 resistance zone is still possible next week, and minor consolidation would more likely be seen after reaching the resistance zone. Key support is at 0.8905, any pullback...
USDCAD: This has been a volatile pair to watch because it is trading in between the major moving averages. However, for the near term the CAD has now finally retaken the 100 day moving average. Additionally, the...
GBPUSD: The GBP surge, since bottoming at 1.43 in mid May has been impressive to say the least. We have commented before that price action on the GBPUSD is fairly quick between a 1.50 and 1.60 handle.
AUDUSD remains in uptrend from 0.8066. Further rise is still possible next week and next target would be at 0.9200 area. Key support is now at 0.8905, as long as this level holds, uptrend could be expected...
