USDCHF stays in a falling price channel and remains in downward movement from 1.0898. As long as the channel resistance holds, one more fall towards...
USDCHF stays in a falling price channel
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Watch 952.85 level closely
Why is this level so important? 952.85 is 61.8% fibonacci retracement of the move from the 961.25 highs to 939.24. If it fails to break this level gold will collapse in the short term and test 935 and possibly lower. A close above the fib resistance will lead to a retest of the highs and if it...
USDJPY is in consolidation of downtrend
USDJPY is in consolidation of downtrend from 83.96. As long as 82.23 resistance holds, downtrend could be expected to resume, and another...
EURUSD has formed a cycle bottom at 1.2526
EURUSD has formed a cycle bottom at 1.2526 level on 4-hour chart. Range trading between 1.2526 and 1.3000 is expected in a couple of days. As long...
FOREX-Euro edges up but markets skittish
The euro rose against the dollar on Monday as risk-averse sentiment eased on improved economic data and as stocks pared losses, but markets remained skittish before key central bank events and U.S. jobs data this week. European stock markets shed losses made at the outset on news that CIT Group...
USDCAD remains in uptrend from 0.9725
USDCAD remains in uptrend from 0.9725, the fall from 1.0025 is treated as consolidation of uptrend. Support is at the rising trend line on...