USD/JPY fell during the session on Wednesday, but bounced yet again in order to form a hammer within our well defined support zone. This hammer suggest that perhaps we will get a little bit of a lift...
The GBP/USD pair rose during the session on Wednesday after initially falling. At the end of the session though, we gave up some of the gains in this pair as well. The 1.59 level still looks very...
The AUD/USD pair fell yet again during the Wednesday session as the downtrend continues. However, it should be noted that the end of the day saw a bounce and we manage to form a hammer for the...
The USD/CAD pair rose during the Wednesday session to break above the 0.99 handle. However, we aren’t above the 0.9950 level which of course would free the buyers to push the price of this currency pair much...
The Dollar Index is currently trading flat at the critical support of 81.00; most of the FX pairs are trading flat since the Asian session with focus shifting to the ECB interest rate decision and its policies.
We may have a head and shoulders pattern completing on the hourly chart at the highs. This could possibly break below the neckline at 1688 triggering a strong move lower, perhaps to around 1675 where it will...
Eurodollar has pushed lower, breaking down though the neckline of the double top and almost reaching the profit target at 1.2475. Now it has rebounded and begun moving higher again. This is probably a counter-trend move, or...
Prior to the key meeting of the European Central Bank officials tomorrow to enhance efforts to deal with the debt crisis, the Euro ceded gains versus the Great British pound in the previous European trading session as...
The EUR/USD pair tried to rally during the session on Tuesday but failed. The 1.27 level above is still the top of this massive resistance area, and we are not buying this pair until we get above...
The USD/JPY pair rose during the Tuesday session after forming a hammer on Monday, in order to show that it is still trying to build a base. The 78 handle below looks to be a bit of...
