The GBP/USD pair fell below the 1.50 level during the session on Wednesday, which of course is a significant support level. We believe that this level will open the way for a much lower exchange rate in...
The EUR/USD pair had a very negative showing during the Wednesday session again, closing well below the 1.30 level. Also, as you can see on the chart we are decidedly below the 200 day exponential moving average,...
During the Wednesday session, the AUD/USD pair completely reversed what was once very bullish momentum, and now has to be looked at with suspicion. This market had bounced off of a very significant looking hammer at the...
With equities reaching heights never seen before, does this mean we’re entering a risk-on environment for the EUR and AUD?
USD: Bullish The U.S. dollar is currently benefiting from risk flows as most central banks are about to take a dovish monetary policy stance.
The AUD/USD pair has been trading cautiously around the support zone from 1.0150 to 1.0200 for the past few days, as traders waited for the monetary policy decision from the Reserve Bank of Australia. During the actual...
The USD/JPY pair barely moved during the session on Monday, as the market simply sat still. In fact, none of the yen related pairs did much, so this of course would never been much of a surprise....
The USD/CAD pair attempted to rally during the session on Monday, but as you can see by the chart failed to do so. The resulting candle is a bit of the shooting star, and it is the...
The GBP/USD pair had a strong showing on Monday, as the 1.50 level has offered support yet again. Whether or not this could be some type of unwinding of the short sell is a completely different question,...
The EUR/USD pair fell below the 1.30 level again on Monday, but just as it was on Friday, the market could not hold below that level. It is because of this that we are starting to think...
