The British pound went sideways during the trading session on Tuesday, as the 1.3050 level underneath should offer support. I believe that the market will eventually rally, as we have been consolidating for some time. Because of...
The EUR/USD pair broke out during the trading session on Tuesday, slicing through the 1.17 level. This is a very bullish sign as that was the neckline of a head and shoulders, and it now negates what...
The Australian dollar has been very noisy during the trading session on Tuesday, as we continue to pound to the downside. It looks as if we are going to try to break down below the 0.76 handle,...
The US dollar initially fell during the trading session on Monday, reaching down towards the 113.25 level. We bounce from there, and are starting to show signs of strength again. I think that the 113 level is...
The US dollar rallied a bit against the Canadian dollar during the Monday session, breaking above the 1.27 level. As we are doing this, I believe that the market is trying to continue the recent uptrend that...
The British pound gapped lower at the open on Monday, and then fell towards the 1.3050 level. This is the bottom of consolidation, and therefore the bounce that we have seen so far is not a huge...
The Euro gapped lower at the open on Monday, but then found support as we drove down to the 1.165 handle. That is an area that has been important a couple of times in the recent past,...
The Australian dollar gap lower at the open on Monday, turned around to fill the gap, and then rolled over to test the 0.7625 level. The market underneath continues to be supported very stringently at the 0.76...
The US dollar has been very choppy against the Japanese yen during the Friday session, as the 113.50 level has offered a bit of resistance. I think that the market will continue to be very noisy, but...
The US dollar was slightly positive against the Canadian dollar during the Friday session, as we are testing the 1.27 level for resistance. On the short-term charts, it certainly looks as if we will continue to find...
