The AUD/USD pair fell during the session on Friday, but bounced a little bit in order to form a hammer like candle. Because of this, look like the markets going to try and break back to the...
USD/CAD had a sharp drop followed by a quick retracement yesterday, as the FOMC statement against tapering triggered overall dollar weakness. The pair is currently finding resistance at the 61.8% Fib on the 1-hour time frame.
The USD/JPY pair shot straight through the roof during the session on Thursday, going much higher. The 99.50 level did offer a bit of resistance, we think this market has shown that once the go higher, and...
The USD/CAD pair fell during the session on Thursday, but found enough support near the 1.0 180 level in order to form a nice looking hammer. This hammer of course Sims the market back higher on a...
The GBP/USD pair fell hard during the session on Thursday, but remained above the 1.60 handle in order to show signs of life still. We think that there will be support just below, and as a result...
The EUR/USD pair had an interesting session on Thursday as we poked above the 1.35 handle, but found ourselves coming back and forming a shooting star.
The AUD/USD pair fell during the session bouncing back down from the 0.95 handle. This area of course has been resistive in the past, and we did suggest that perhaps it would be again this time.
The Bernanke U-turn on tapering has bumped up risk currencies. Where to next for the EUR, AUD?
GBP/USD staged a strong rally yesterday, thanks to the upbeat BOE minutes and the Fed’s decision against tapering. This was enough to push GBP/USD past the upward channels on the 1-hour and 4-hour time frames.
The USD/JPY pair fell hard during the session on Wednesday after the Federal Reserve announced that it was not going to taper off of quantitative easing. That being the case, this of course punish the US dollar...
