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NZD/USD recently broke the “neckline” of the Head and Shoulders chart pattern that was earlier identified by Autochartist on the daily charts – as you can see from the following...
For the 24 hours to 23:00 GMT, AUD weakened 0.07% against the USD to close at 0.9079.LME Copper prices declined 0.9% or $63.5MT to $6988.0/MT. Aluminium prices fell 1.2% or $20.0/MT to $1701.0/MT.In...
For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD to close at 1.0588 in a Thanks-giving holiday trading session.In Canada, an official report revealed that the nation’s...
EURUSD is now testing resistance at 1.3625/30 and is just sitting above the upward sloping trend line at 1.3590 today. This is the last hurdle and a close above 1.3630 today is positive for next week....
For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CHF and closed at 0.9061, amid thin-holiday trade.Meanwhile, the Swiss Franc gained ground against its US counterpart, after an...
For the 24 hours to 23:00 GMT, the USD strengthened 0.11% against the JPY and closed at 102.31.In the Asian session, at GMT0400, the pair is trading at 102.36, with the USD trading marginally higher...
For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.3604, as risk-appetite among investors increased after the European Commission reported that consumer confidence in the...
Yesterday I had expected the 1.5 level to hold slightly longer as resistance than it actually did. In fact we hardly saw any form of retracement at all before breaking through the level today. So...
EUR/USD Currency PairHere are the current Pivot Point Levels with Support (S) and Resistance (R) for the EUR/USD currency pair today. Price action is currently trading over the daily pivot point at...
The British pound continues to post more gains against the US dollar on Thursday, as GBP/USD trades in the mid-1.63 range. The pound has been red-hot, gaining over 400 points since mid-November. The...
Everyone and their mother must have heard Goldman's recommendation for the loonie earlier this week – "Sell Mortimer, Sell." It's certainly not new news to the forex market; however, their target is a...
We are seeing little movement on Thursday, as USD/CAD continues to trade close to the 1.06 line. In Canada, Current Account and the Raw Materials Price Index both missed their estimates. There are no...
The Australian dollar has reversed its recent slide and is pointed upwards in Thursday trading. AUD/USD has moved back above the 0.91 line in Thursday trading. The Aussie got a boost as Australian...
The yen tumbled on Wednesday, losing about one cent against the surging US dollar. Thursday finds the pair above the 102 line, the pair's highest levels in six months. A sharp US Unemployment Claims...
EUR/USD BIAS: Look for 1.3645 to cap for a correction to 1.3550-60 before higher again.Resistance: 1.3627 1.3645 1.3666 1.3684Support: 1.3572-87 1.3558 1.3520-25 1.3490-00MAIN ANALYSIS: While the...