Risk aversion returned to the marketplace yesterday after disappointing economic indicators out of China and the euro-zone resulted in higher-yielding currencies and commodities turning bearish throughout the day.
The USD/JPY pair fell during the session on Thursday, but bounced off of the 78 handle as we have suggested it would yesterday. This shows that there is quite a bit of support at 78 as we...
The USD/CAD pair rose above the 0.98 handle on Thursday, but fell back down in order to form a shooting star. This suggests that the 0.98 level is now going to be massive resistance as it was...
The GBP/USD pair fell for most of Thursday, but bounced in order to form a hammer and the 1.62 level. This pair has been broken out for some time, and as such we are very bullish of...
The EUR/USD pair fell during the session on Thursday as the 1.3 0 Level Gave Way to the sellers. However, towards the end of the day we did get a bit of a bounce and we now...
The AUD/USD pair fell during most of the trading day on Thursday, but did manage to balance in order to form a nice-looking hammer. It appears that the 1.04 level was massively supportive at this point time,...
After tumbling against virtually all of its main currency rivals during overnight trading yesterday, after the Bank of Japan (BOJ) announced a new round of monetary easing, the JPY was able to recover virtually all of its...
The EUR/USD pair fell during most of the session on Wednesday, only to find the 1.30 level was fairly supportive. The candle at the end of the day ended up being a hammer, and this of course...
The USD/JPY pair had a fairly wild day on Wednesday as it initially broke above the 79 handle, only to be turned around and slammed back down to the 78.30 area. We still maintain that the Bank...
The GBP/USD pair fell during the session on Wednesday, only to turn around and bounce in order to form a hammer. It looks like the 1.62 level wants to be support now, and with the recent rise...
