The USD/CAD pair shot straight up during the session on Tuesday as the oil markets fell. The “risk off” attitude came back into the markets, and the Dollar was bid up against most currencies, with the Canadian...
The AUD/USD pair fell hard in the latter hours of the Tuesday session. The market looks more and weaker over time, and as the market is sitting at the 50% Fibonacci retracement level it could be choppy...
The GBP/USD pair fell for most of the session to find the 200 day EMA just above 1.58 on Tuesday, only to bounce again to form a hammer. The market has been grinding higher lately, although grind...
The USD/JPY pair fell off of a cliff on the Tuesday session as traders ran into the safety of the Yen. The bullish thesis that we have had over the last several weeks has been beaten down,...
The EUR/USD pair fell on Tuesday as the markets sold the Euro off in general. The Spanish and Italian bonds markets saw a spike in yields as the fears of a debt crisis have obviously not gone...
Safe haven currencies, in particular the Japanese yen, started off the week on a bullish note as investors continued to digest last week’s disappointing US Non-Farm Payrolls figure. The US added just 120K jobs last month, significantly...
The USD/CAD pair has risen during the Monday session, only to fall again and form a shooting star. This market is currently trading just below the 200 day EMA, and the parity level as well. The pair...
The AUD/USD pair fell for some of the session on Monday, but managed a bounce to form a doji. The pair has bounced at the 50% Fibonacci level, and it looks as if the buyers are starting...
The GBP/USD pair fell at first on the Monday session, but only to bounce and form a hammer at the end of the day. The pair is sitting just above the 200 day EMA, and this will...
The USD/JPY pair rose during the Monday session as the bottom of the recent down trending channel has held as support. Also, the 81 handle came into play, and it appears that the pair is still finding...
