The GBP/USD pair attempted to rally on the Tuesday session, but failed at the end of the day to make the gains stick. The candle that was printed for the session formed a shooting star, and this...
The AUD/USD pair initially tried to break above the 1.03 level on Tuesday, but failed miserably and close down towards the lows of the session. As the day ended, we formed a shooting star at the bottom...
The USD/CAD pair fell during the session on Tuesday, but formed a hammer as some of the losses recouped. We are currently sitting above a massive support zone from the 0.98 to 0.9850 level, and as such...
The Dollar Index after finding support at 81.00 ranges is currently trading at 81.49 resulting in long liquidation in most of the asset classes especially the benchmark equity index of the Dow Industrials and Nymex Crude. The...
The US dollar fell against several of its main currency rivals yesterday, following a worse than expected American manufacturing indicator which led to increased speculations that the Fed will soon take action to boost the US economic...
GBP/USD is showing a possible double-top pattern at the highs which is bearish – despite the recent triangle breakout higher. Unfortunately there has not been much follow-through since the break and so I am not as bullish...
The EUR/USD is still in a counter-trend rally. It is unlikely to be the start of a new trend higher and therefore will probably roll-over. Currently there is a possibility the pair could be starting a move...
Commitment of Traders (COT) Techncial Analysis. Speculators have flipped to the short side of the USD. This is the first time specs have collectively had a net short position in the USD since they moved to the...
US markets were closed yesterday for the Labor Day but the US dollar continued to sustain losses against the Euro as the remarks of Federal Reserve Chairman Ben Bernanke as to a potential monetary easing this month...
The Dollar Index is currently trading near the critical support of 81.00 ranges to currently trade at 81.13 the short-term trend is still range bound between 81.00 and 82.10; only daily close below 81.00 would lead to...
