The AUD/USD continues to looks weak overall as the slump on Monday indicates. The pair is currently suffering by less than stellar economic numbers out of Australia, and the stronger than usual US dollar.
The USD/CAD pair rose for much of the session on Monday, only to turn around and form a wicked looking shooting star. The action suggests that we are going to continue to drift around in this consolidation...
The euro received a boost following the most recent German Ifo Business Climate figure to close out last week’s trading session. The better than expected news resulted in the EUR/USD shooting up close to 100 pips to...
The EUR/USD pair had a bullish day on Friday, breaking higher on the session as the hammers from the previous two sessions triggered a bullish run. The pair looks as if it will continue higher for the...
The USD/JPY pair fell slightly for the session on Friday as the Dollar got hit all around. The Japanese are still printing Yen, and the pullback of this pair wouldn’t be a big surprise as the USD...
The GBP/USD pair shot straight up for the Friday session as the 1.6050 level finally gave way. The move may be a bit overextended at the moment, but the pair looks like it is a good “buy...
The AUD/USD pair continued to move sideways for the session, sitting just below the 200 day EMA. The pair looks as if it is trying to form some kind of base, but the 1.04 level is going...
The USD/CAD pair fell for the session on Friday as the “risk on” trade came back and the US dollar fell in general against most of the world’s currencies.
USDCAD stays in a trading range between 0.9841 and 1.0051. As long as 1.0051 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0523, and another fall to...
USDCHF continues its sideways movement in a range between 0.8931 and 0.9333. Key support is at 0.8931, a breakdown below this level will trigger another fall towards 0.8600. On the other side, a break above 0.9333 could...
