The AUD/USD pair rose slightly at the end of the session on Wednesday, to form a green doji. The candle suggests that we are looking for some kind of direction at the moment, and the 1.02 level...
The USD/CAD pair had an interesting session on Wednesday as the pair was at one time bullish, then bearish, and finished the day forming a shooting star. The shooting star for the session does in fact seem...
The Economic Sentiment in Europe showed a disappointed result.
The EUR/USD pair rose during the session on Tuesday as the market is getting ready to receive the announcement out of the Federal Reserve’s two day meeting today. There is a lot of speculation that the Fed...
The USD/JPY pair fell slightly during the session on very little motion one way or the other during the Tuesday session. The pair is essentially in “No Man’s Land” as the 78 level and the 80 level...
The GBP/USD pair fell for much of the Tuesday session, only to bounce again and form a hammer at the 1.57 level. The area has been support previously, and the market should be support now. The hammer...
The AUD/USD pair shot up on Tuesday as the “risk on” trade came back into play. The Aussie is often used as a proxy for global growth, and with the Federal Reserve meeting ending today; there is...
The USD/CAD pair fell on Tuesday as the 1.02 level gave way. The breaking of the bottom of Monday’s shooting star signaled to the markets that this pair is going to want to continue to fall. The...
Riskier currencies like the euro and Australian dollar saw moderate gains during European trading yesterday, despite negative economic data out of Germany which increased fears among investors that the euro-zone debt crisis could continue to spread.
News that pro-austerity political parties won in the Greek election held over the weekend gave the euro a boost against both the USD and JPY during overnight trading yesterday.
