Forex traders received the Canadian Employment Report for September roughly 30 minutes ago. The data was much stronger than expected, but the Canadian Dollar did not rally as strong as one would have imagined despite a rock...
The USD/JPY pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle just below the 108 level. Because of this, we feel that this market could very well bounce...
The USD/CAD pair rose during the course of the day on Wednesday, bouncing off the 1.11 level. This of course is a very positive sign, as the market continues to find support every time it falls. With...
The GBP/USD pair tried to rally during the course of the session on Thursday, but failed to hang onto the gains and turned back around to form a negative candle. With this, we think that the bearish...
The EUR/USD pair initially rallied during the course of the day on Thursday, testing the 1.28 resistance barrier. We eventually sold off from there, and then turned back around to form a very negative looking candle. Because...
The AUD/USD pair fell during the course of the day on Thursday, slicing back below the 0.88 handle, showing just how hard it is for the Australian dollar to pick up any serious traction to the upside....
GBPNZD has been on a strong uptrend in the past few weeks, as diverging monetary policy biases have driven the pair to the 2.1000 levels. A correction is taking place, with the pair pulling back to the...
EURUSD seems to have capped off its selloff, as price is now retreating from the 1.2500 levels to the 1.2700 area. The pair got a boost from a dovish FOMC minutes, which indicated that the Fed isn’t...
No changed in our view, USDCAD remains in uptrend from 1.0886, the fall from 1.1269 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long...
USDCHF broke below 0.9516 support, indicating that consolidation of the uptrend from 0.8997 (Aug 15 low) is underway. Deeper decline is still possible, and next target would be at 0.9450 area. Resistance is at 0.9600, only break...
