The AUD/USD pair attempted to rally during the Friday session, but even in the low liquidity could not do so. The candle formed for the session is a shooting star, but it sits just above a massive...
USD Most banks are on a holiday today, paving the way for quiet trading conditions. Take note though that it’s the last trading day for the month and the quarter, which could also set the stage for...
The pair is once more testing the 1.5200 major psychological resistance for today. The level has held earlier this week as price dipped back to the 1.5100 major psychological support afterwards.
The USD/JPY pair fell during the Thursday session, but bounced off of the 94 handle in order for a small hammer. We still contend that the 94 level should be supportive, and this candle of course lends...
The USD/CAD pair went back and forth during the session on Thursday, eventually settling for a neutral candle. The market has found support at the 1.0150 level, but we think this is a minor area at best.
The GBP/USD pair had a positive session on Thursday, testing the 1.52 level for resistance. Within this chart, it appears we are trying to bounce a bit, but we need to clear the 1.53 level in order...
The EUR/USD pair rose during the session on Thursday, bouncing off of the 1.2750 level. This was predicated mainly upon the idea that the Cypriot banks opened without too much in the way of violence or a...
The AUD/USD pair fell during the session on Thursday, slamming into the 1.04 level. However, you can see that that level held as support, as we thought it might. This is a perfect place to see supportive...
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USD/CAD is currently consolidating above the 1.0150 minor psychological support level as traders await the release of the monthly GDP reading for January. The figure is expected to rebound by 0.1% from the -0.2% reading seen last...
