The AUD/USD pair fell after initially trying to rally during the session on Wednesday. Once word got out that the Federal Reserve was looking at cutting back on quantitative easing by the end of the year, the...
Markets are in a stand-by position on Wednesday as investors are waiting the highly anticipated Fed’s meeting with its main highlight- a possible decision on the future of the U.S. asset-purchase programme.
The USD/JPY pair rallied during the session on Tuesday, breaking above the 95 handle. In fact, we managed to close above that level in order to show significant support in this general vicinity. With today being the...
The USD/CAD pair rose during the session on Tuesday as the US dollar continues to be bid up in general. The market is one that needs to rise back above the 1.02 level for the buyers to...
The GBP/USD pair fell during the session on Tuesday, as the market slices below the 1.56 handle during the day. Going forward, we feel that this market is simply pulling back, and that we will eventually certainly...
The EUR/USD pair initially fell during the session on Tuesday, but found enough support yet again for the fifth day in a row in order to show strength yet again. The resulting candle formed a hammer, and...
The AUD/USD pair fell during the session on Tuesday, after printing a shooting star on Monday. This looks like it’s rather weak, but there is a hammer from last week that suggests that there is a bit...
USDCAD’s downward movement from 1.0420 extends to as low as 1.0137. Further decline to test 1.0013 key support could be expected next week, a breakdown below this level will indicate that the longer term uptrend from 0.9632...
USDCHF breaks below 0.9206 support, suggesting that the upward movement from 0.9021 had completed at 0.9838 already. The pair is now in downtrend from 0.9838, further decline could be expected after a minor consolidation, and next target...
USDJPY is now in downtrend from 103.73. Further decline would likely be seen in a couple weeks, and next target would be at 90.00 area. Resistance is at 98.00 only break above this level will indicate that...
