The USD/CAD pair basically sat still during the session on Monday as the Americans celebrated Veterans Day. This market is heavily skewed towards trading during the North American session, so this really should have been much of...
GBP/USD fell during the session after initially trying to gain on Monday, and managed to close below the 1.59 level. This level was very significant to us as it was the bottom of the “zone” that was...
The EUR/USD pair fell again during the session on Monday, as we currently hover above the 1.27 handle. This level is the bottom of significant support from the previous consolidation area.
The AUD/USD pair rose during the session on Monday, but still reigns contained within the shooting star that defined last week on the weekly chart. As you can see, Wednesday formed a wicked looking shooting star as...
The Euro managed to gain versus the Great British pound in the previous European trading exchanges amidst the challenges that the European region is facing.
Higher-yielding assets turned bearish on Friday, as slowing economic growth throughout the euro-zone led to risk aversion among investors. Of particular concern is the possibility that France and Germany, the euro-zone’s two biggest economies, may soon slip...
The Dollar Index is trading at the short term resistance of 81.00-81.20 ranges a head of the FOMC meeting tomorrow. The Dollar Index may again expected to find resistance at 81.00-81.20 ranges from where is sold off...
USDCAD stays in a upward price channel on daily chart, and remains in uptrend from 0.9632. Further rise could be expected next week, and next target would be at 1.0100-1.0150 area.
USDCHF breaks above 0.9437 resistance and reaches as high as 0.9498, suggesting that lengthier consolidation of the downtrend from 0.9971 is underway. Further rise could be expected next week, and next target would be at 0.9600 area.
USDJPY pulls back from 80.67, and the fall extends to as low as 79.07. However, the fall is likely consolidation of the uptrend from 77.14. Support is now at the lower line of the price channel on...
