The AUD/USD pair attempted to rally during the Wednesday session, but fell short as the sellers step back into the marketplace. We are currently trading right around the 1.0350 level, which of course is relatively close to...
The USD/CAD pair had an interesting session as it continues to show signs of support at the 0.9850 level on Wednesday. The hammer that was formed on Tuesday matches a hammer that was formed the previous week,...
The Australian dollar posted losses against the Japanese yen in the previous Asian trading session as worries over the global economy continued to weigh on the former. Also, construction work done in August declined to the lowest...
There is a box consolidation on the hourly chart with upside potential. A decisive break above the 98.83 spike high could see a breakout followed by a probable rise up to the upper channel line at 99.75....
Eurodollar has pulled back after a sharp rally. It will probably resume its move higher and re-test the upper channel line at 1.2615. The bigger picture, however, indicates the formation of what is probably a fulcrum pattern...
In the previous European trading session, the Euro gained versus the US dollar after the European Central Bank (ECB) said that President Mario Draghi would not make an appearance at this week’s Jackson Hole Symposium, turning all...
The US dollar took losses against most of its main currency rivals yesterday, as speculations that the Fed may soon initiate a new round of quantitative easing caused investors to shift their funds to higher yielding assets.
The EUR/USD pair bounced off of the 1.25 handle on Tuesday as the bullish run continues. However, we aren’t comfortable going long of the Euro at this point in time as there is a lot of resistance...
The USD/JPY pair fell during most of the Tuesday session as the pair dug its way back into the supportive area between 78 and 78.75. The pair looks like it’s been supportive at the 78 handle by...
The GBP/USD pair had a fairly wild session on Tuesday as the market when both up and down in order to finish slightly higher. The candle looks a bit like a hammer, but not convincingly sell.
