The EUR/USD fell hard in reaction to the Tuesday debt downgrade given to Portugal. The markets fell roughly 100 pips off of the announcement. However, it looks as if the 1.44 may be some kind of support,...
We got a breakdown of the shooting star on Tuesday, and if you were quick, you made good money. However, the 1.60 proved to be too supportive for the bears, and we bounced. However, we feel bearish...
The USD/CAD pair rose on Tuesday, even though the oil markets rose significantly. This doesn’t happen very often, and one would think that the CAD should appreciate because of the correlation. However, the 0.9650 area is crucial...
The USD/CHF pair fell hard on Tuesday, confirming the range being still intact. The 0.8550 area needs to be broken for the bulls to gain any traction from this point. Because of the range, we like selling...
The USD/JPY rose on Tuesday, but still seems stagnant as the trading range is getting quite tight. The market looks quite content here, and as such, we are not trading this pair at the moment. We don’t...
The AUD/USD fell in Asian trading on Monday as building approval and retail sales announcements disappointed the market. The truth is that the Aussie is still in a massive uptrend, and we won’t sell it. We are...
EUR/USD fell on Monday, but bounced from the 1.45 level to form a continuation hammer. This shows that the market is quite comfortable owning this pair at 1.45, and if that is true – higher prices are...
The GBP/USD rose, but ended the Monday session forming a shooting star just under the vital 1.61 area. This could be a sign that we are going to attempt a breakdown of the 1.59 area again. That...
USD/CAD rose on Monday, bouncing slightly as the holiday in America crushed most of the volume. The pair broke through major support at the end of last week, and this sets us up for shorting this pair...
The USD/CHF pair rose on Monday, only to fall after piercing the 0.85 level. The pair has been bearish for ages, and this is the top of a recent consolidation range between 0.85 and 0.83. As such,...
