The British pound fell significantly at the open on Friday, reaching down to the 1.3075 level. We have bounced from there, and we are getting close to an uptrend line just below on the weekly chart. Because...
The EUR/USD pair continued the bearish pressure during the day on Thursday, as the reaction to the dovish statement by Mario Draghi continues. In fact, we are below the 1.16 level as I record this, and this...
The Australian dollar went sideways on Friday, as we have reached the 61.8% Fibonacci retracement level from the weekly move. We have recently broken down below massive support, and I now think that the 0.7750 level above...
The US dollar initially tried to go higher against the Japanese yen during the session on Wednesday, reaching towards the 114.25 handle. There is a significant amount of resistance just above, and extending to the 115 handle....
The US dollar went sideways initially against the Canadian dollar, but then exploded to the upside as the crude oil markets continue to build inventory. This currency of course is a proxy for the petroleum markets, and...
The GBP/USD pair shot straight up during the day on Wednesday, slamming into the 1.3250 level. This is a market that continues to have a lot of interest in it, mainly due to better than anticipated CPI...
The EUR/USD pair initially went sideways on Wednesday, but then reached above the 1.18 level. That’s a very bullish sign, and I think we are going to continue to go much higher, perhaps reaching towards the 1.1850...
The Australian dollar broke down significantly during the trading session on Wednesday, slicing through the 0.7750 level. This is an area that was massively important in the past, and I think we are now going to continue...
The US dollar rallied significantly against the Japanese yen during the day on Tuesday, as we reached towards the 114 handle. I think there is a lot of noise between here and the 115 handle, so it’s...
The US dollar initially dipped lower against the Canadian dollar on Tuesday, but found enough support near the 1.2625 level to turn around and rally again. We have seen a significant move to the upside over the...
