Last week, it the USD crosses such as the EUR/USD and GBP/USD were showing signs of reversal after greenback dominance for end of 2009 and most of 2010 so far. However, by week's end, the greenback pr...

As per our expectations, Swiss has bounced back from the Support region at 1.0542-36 and we may now expect the pair to move up towards the Resistance region of 1.0641-50 followed by a fall towards 1.0...

As aussie retreated after faltering below this week's high of 0.9253, suggesting further consolidation would take place and retracement to 0.9050/60 is likely, however, renewed buying interest should ...

The EURUSD is currently trading at 1.3626 levels. Immediate resistance comes near 1.3800-1.3850 levels. We feel that if Euro is able to hold above 1.3550-1.3600 levels in the next 1 week we might head...

The euro found some support in the 1.3600 area, but from here the pair is expected to push lower, targeting the 1.3450 area. Greece continues to be a major problem for the Eur, forcing some radical an...

The EURUSD had a significant bearish momentum yesterday, break below the bullish channel indicating potential bullish failure testing 1.3530 area even 1.3450/30 key support level. The bias is bearish ...

Euro 1.3605 Initial support at 1.3587 (Mar 15 low) followed by 1.3531 (Mar 11 low). Initial resistance is now located at 1.3818 (Feb 9 high) followed by 1.3839 (Feb 4 high)...

Technically speaking, the Aussie multiple downtrend lines serving as technical barriers along with previous March highs. Our 4th tier runs through previous 2010 highs and is our last foreseeable downt...

Failure to sustain on the downside after breaking below the Support at 1.5260 and failure to continue with the bounce back seen from the day's low of 1.5239 above 1.53 is keeping the pair mixed with 5...

Despite yesterday's rise to 0.9253, as the Australian dollar has retreated from there, suggesting minor consolidation would take place, however, renewed buying interest should emerge above this week's...

The EURUSD is currently trading at 1.3726 levels. Immediate resistance comes near 1.3800 levels. If it breaks these resistance levels then we could target further upside till 1.4000 levels. Bias is bu...

Euro 1.3720 Initial support at 1.3640 (Mar 15 low) followed by 1.3621 (Mar 11 low). Initial resistance is now located at 1.3839 (Feb 9 high) followed by 1.3903 (Feb 4 high)...

The EURUSD attempted to push higher yesterday, topped at 1.3817 but closed lower at 1.3734 and keep moving lower around 1.3720 at the time I wrote this comment. While technical bullish view remains in...

Bullish price action on AUD/USD, a daily chart of which is shown, continues to follow a well-defined uptrend support line extending from the early February low. In the process, price has just reached ...

Technically speaking, the Aussie has our 4th tier downtrend line serving as a technical barrier. Our 4th tier runs through previous 2010 highs and is our last foreseeable downtrend line. Hence, a brea...

I have been monitoring the AUD/USD as it made its second leg of rally from 0.8600. I also noted that the established mode has been a bullish trend, and it was therefore prudent to anticipate a possibl...

With a rally reversing its Monday losses to test a high of 0.9216 before closing at 0.9187 on Tuesday, risk continues to point higher for a recapture of the 0.9277 level, its Jan 18’10 high as the pai...

Cable has risen sharply breaking above the Resistance at 1.5270 following the unemployment data release which showed an unexpected drop in unemployment benefit claims of 32,300 against the expected ri...

The Australian dollar resumed recent upmove as suggested and signals the wave iii from 0.8578 is still in progress and further gain to 0.9294 (100% projection of wave i) would be seen, however, overbo...

As the Australian dollar is still trading with a firm bias, suggesting the A-B-C correction from 0.9407 has ended at 0.8578 and mild upside bias remains for gain to 0.9294 (100% projection of 0.8578 t...

The Federal Reserve kept the federal funds rate target for overnight loans between banks near zero and repeated its pledge to keep it there for an 'extended period'. The Fed also said that the emergen...

Although the Australian dollar continued to trade with a firm undertone and test of resistance at 0.9331 would be seen, a break above there is needed to confirm medium term upmove from 2009 low of 0.6...

The 0.9205-12 target area was achieved and currently we have a pullback. While the 0.9164-71 (preferably the higher) support holds we should see a push back higher to 0.9190-06, a minor correction and...

The EURUSD is currently trading at 1.3780 levels. Immediate resistance comes near 1.3800 levels. If it breaks these resistance levels then we could target further upside till 1.4000 levels. Bias is ne...

The EURUSD had a bullish momentum yesterday, topped at 1.3782 and closed at 1.3771. This fact should keep the bullish scenario targeting 1.3850 intact. The technical evidence that price is in a potent...

Euro 1.3765 Initial support at 1.3640 (Mar 15 low) followed by 1.3621 (Mar 11 low). Initial resistance is now located at 1.3796 (Mar 12 high) followed by 1.3839 (Feb 9 high)...

After breaking below the Support at 1.50 and recording a low of 1.4975, Cable has bounced back sharply and is now trading higher above 1.51. If it continues to trade above 1.51 we might see further ri...

Although aussie rebounded after yesterday's retreat to 0.9096, as long as resistance at 0.9209 holds, further consolidation would be seen and another corrective fall to said support would be seen, bre...

Speculative investors trimmed long USD positions in a week which saw the narrow dollar index dipping back below the 80 level. The EUR remained under pressure and speculative short positions were added...

The EURUSD failed to continue its bullish momentum yesterday, bottomed at 1.3640 and closed at 1.3674 after bad US TIC long term purchases number triggered risk aversion. This fact leads me to a no tr...

Euro 1.3675 Initial support at 1.3640 (Mar 15 low) followed by 1.3621 (Mar 11 low). Initial resistance is now located at 1.3796 (Mar 12 high) followed by 1.3839 (Feb 9 high)...

The aussie recently broke into a side-ways channel of trade that although holding support, is now starting to show real indecision. On top of this, the last few daily candles are doji-stars (reversals...

Swiss failed to sustain the break above 1.06 in the Asian session today and has fallen once again below 1.06 from the day's high of 1.0616. It is continuing to remain pressured on the downside and mig...

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with 3/11 lows, 3/9lows, and the psychological .90 area. As for the topside, the Aussie has multiple dow...

As aussie has retreated after intra-day marginal rise to 0.9209 (Friday's high was 0.9195), suggesting minor top is formed and consolidation below there would take place, bring retracement to 0.9053/5...

The EURUSD is currently at 1.3740 levels and touched high of 1.3797 levels on Friday. Immediate resistance comes near 1.3750 – 1.3800 levels. If it breaks these resistance levels then we could target ...

The EURUSD had a significant technical movement on Friday by break above the major bearish channel, confirms the bullish reversal scenario after formed triple bottom formation around 1.3450/35 area. W...

AUD/USD's rally from 0.8577 extended further to as high as 0.9193 last week. While upside momentum is diminishing, another rise will remain in favor as long as 0.9053 minor support holds. Current rall...

This was basically a week of continuing consolidation, except for the USD/CAD which is looking seriously at the parity scenario. The coming weeks may be crucial as the markets test important powerline...

Cable has broken above the Resistance at 1.5100-30 region and is now trading higher. The Home price data release which showed the fastest pace of increase in the UK house prices in more than seven yea...

As aussie has maintained a firm undertone after early rise to 0.9193, suggesting the rise from 0.8567 is still in progress and further gain to 0.9240/50 and then towards 0.9294 (100% projection of wav...

The EURUSD bias remains neutral in nearest term and the bearish scenario remains intact. Immediate resistance comes near 1.3705 – 1.3750 (23.6% retracement). If breaks 1.3750 level then could see furt...

Intraday bias in AUD/USD is neutral for the moment and more sideway trading might be seen. But still, note that another rise remains in favor as long as 0.9053 minor support holds. Current rally from ...

The EURUSD had a narrow movement of only 66 pips yesterday and we do not see significant technical move yet so far. The bias remains neutral both in nearest and medium term while long term outlook rem...

Euro 1.3680 Initial support at 1.3531 (Mar 5 low) followed by 1.3436 (Mar 2 low). Initial resistance is now located at 1.3705 (Mar 8 high) followed by 1.3788 (Feb 17 high)...

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 3/9lows, and the psychological .90 area. As for the topside, the Aussie has multiple down...

Price action continues to trade in an upward channel on the 4-hour charts, and the pair has spent the last few sessions testing the support side of the trend-line of this channel. A break lower will s...

Cable has broken above 1.50. There are good chances of a further rise towards 1.51-52 in the coming days if it continues to trade above 1.50. Immediate Resistance is seen in 1.5100-30 region which mig...

As aussie eased after rising to 0.9193 yesterday, suggesting minor consolidation would be seen, however, pullback should be limited to 0.9030/35 and bring another rally later. Above said resistance wo...

AUD/USD lose some upside moment with 4 hours MACD crossed below signal line again but after all, further rally is in favor as long as 0.9053 minor support holds. Rise from 0.8577 is still expected to ...