The EUR/USD pair tried to rally during the session on Wednesday, but as you can see the 1.31 level offered enough resistance to make a shooting star appear. This failure to break above the 1.31 level is...
The AUD/USD had a strong showing on Wednesday, breaking above the 1.05 level. However, we are still well below the 1.06 level, an area that we need to break out of in order to really get bullish...
The USD/JPY pair fell during the session on Tuesday, as the 100 handle appears to have acted as a psychological barrier. We fully expect to see 100 taken out to the upside, but the recent rise has...
The USD/CAD pair went back and forth during the session, initially falling on Tuesday but found enough support to form a hammer. This hammer is preceded by two shooting stars, so looks like the market is ready...
The GBP/USD pair had a positive session during the Tuesday trading hours as the 1.5250 acted as support. In fact, we reclaimed almost 100% of the losses on Monday, making this a significant retest of previous resistance...
The EUR/USD pair had a positive session on Tuesday as we managed to break not only above the 1.30 handle decisively, but the 50 day exponential moving averages well. However, we found the 1.31 level as a...
The AUD/USD pair had a strong showing on Tuesday as we managed to break above the 1.05 level again. This level however acted as resistance, and as a result we are just basically closing right at it.
AUD/USD seems to have breached the 1.0500 major psychological level already and appears poised to test the next resistance at 1.0600. Take note that this is in line with the top of the long-term range visible on...
CFTC Commitments of Traders (COT) Report 02 April, published 05 March 2013 – Technical Analysis. Speculators increased their aggregate net position in the USD to 338,399 contracts, up from 322 132 in the previous week. Almost all...
The USD/JPY pair initially fell during the Monday session, but as you can see we have continue much higher, probably much higher than most market participants would’ve imagined as we close the day at the highs of...
