USD/CAD had a very bearish day on Thursday as the oil markets were quite constructive. The pair even managed to violate the bottom of the hammer from Wednesday, and this does in fact show real bearishness.
USD/CHF dipped slightly during the Thursday session as the stock markets around the world were generally positive. The pair did bounce back though, and is forming a third hammer in a row on the daily chart.
USD/JPY rose on Thursday in the illiquid volume. The pair is struggling to clear the 78 handle completely, something that has been the case for quite some time. If we can get a close above the 78.50...
Amidst holiday season the Dollar index is trading flat. Major trend is range bound between 73.40 and 81.40 where as the medium trend is bullish till 77.50 ranges is holding on weekly closing basis, though 81.40 ranges...
Positive Euro-zone statistics supported the euro.
Greetings. Let’s take a look at the longer term USD/CHF chart. It seems the low did hold as support and now we see a pretty clear 3 wave up movement.
The US Dollar continued trading strong against the Euro and Swiss Franc whereas traded flat against the Cable and the Aussie Dollar. Major trend is range bound between 73.40 and 81.40 where as the medium trend is...
The Greenback lost across the board especially against the Cable, the Aussie Dollar and the Common Currency on the event of the benchmark equity index of the Dow Jones Industrials gaining more then 200 points. Major trend...
The SEK was up after the Riksbank lowered interest rates to 1.75% from 2.00%. There are two explanations for this counterintuitive move in the SEK. Firstly, the Swedish central bank delivered on the expected 25 bp of...
USD/CAD fell on Tuesday as the oil markets rallied hard. The pair managed to break below the 1.03 level for a sustained period of time during the session, but bounced back above it by the close.
