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What’s next for USD/CHF?
July 7, 2017, 1:40 AMYesterday, the U.S. dollar extended losses against the Swiss franc after the ADP report showed that private sector payrolls increased less than economists' expectations, disappointing market participants. As a result, USD/CHF re-tested the 38.2% Fibonacci retracement, but will it withstand the selling pressure in the coming week?
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AUDUSD - Breakdown and Its Consequences
July 6, 2017, 8:02 AMEarlier this week, the Australian dollar extended losses against its U.S. counterpart, which pushed AUD/USD under the lower border of the rising wedge. How will this drop affect the exchange rate future moves?
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EUR and JPY – Key Developments
July 5, 2017, 10:41 AMIn today’s Forex Trading Alert we’ll focus on 2 most important developments that we have just seen – the move in the EUR/USD to the key resistance level and the triple breakout (breakdown in JPY/USD) in case of the USD/JPY pair.
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USD/JPY Tests Lower Border of Trend Channel
June 30, 2017, 8:31 AMEarlier today, the U.S. dollar moved lower against the yen, which took USD/JPY to the lower border of the rising trend channel. Will this support withstand the selling pressure in the coming days?
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Will EUR/USD Break Above 1.1500?
June 29, 2017, 7:01 AMEarlier today, the euro moved a bit higher against the greenback, but will we see further rally in the coming days?
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