USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at [...]
EUR/USD Current price: 1.3085 View Live Chart for the EUR/USD US employment data shook the markets with a much better than expected reading, 243K new jobs added and unemployment rate down to 8.3%. Despite a risk on spike in the EUR/USD towards 1.3200, the pair is now under strong selling pressure testing 1.3070 support area, [...]
The impressive NZDUSD rally since mid December has resulted in a technical condition similar to the one that preceded the nearly 1500 pip August 2007 decline.
EUR/USD Current price: 1.3159 View Live Chart for the EUR/USD While risk appetite has dominated the boards this Wednesday, and dollar extended its slide to fresh monthly lows against most of its rivals, the EUR/USD was unable to hold the 1.3200 level tested several times over the past few days, and traded inside early week [...]
Risk appetite has taken another leg up at the start of February trade with the greenback under substantial pressure. Look for the risk rally to taper off as we head into the NFP print on Friday.
EUR/USD Current price: 1.3145 View Live Chart for the EUR/USD Greenback weekly opening with the right foot has extended over the next sessions, entering Asian hours in positive territory against most of its rivals, exception made by the Japanese yen. The euro has struggled again with record yields differentials, while Greece credit swap talking continues. [...]
US dollar speculative long positions are at a record despite the decline from the recent high.
$EURUSD WHAT Forex Target Traders SEE: We are currently sitting @ 1.3218 after breaking the resistance @ 1.3185 – this is bullish for the cross. We are very close to the R 5 starting at the pullback @ 1.2855 and this would be the 5th wave. There is still room to the upside to the [...]
The Yen crosses, notably the AUDJPY, show characteristics that are consistent with significant tops.
