Yesterday’s Trading: Expectations of a euro weakening rang true. Strong service PMI data from the US’ ISM and ADP and comments made by Yellen lent support to the dollar. Employment creation in the US private sector was...
The USD/JPY pair initially fell during the course of the day on Wednesday, but turned back around to form a positive candle. We actually pierced the 121 .50 level, and as a result we are buyers if...
The USD/CAD pair broke higher during the course of the session on Wednesday, testing the top of the shooting star for the Tuesday session. This of course is a very bullish sign and we now feel that...
The GBP/USD pair fell a bit during the course of the session on Wednesday, but as far as we can tell there is more than enough support below to keep this market afloat. This could be a...
The EUR/USD pair broke down during the course of the session on Wednesday, clearing the uptrend line to the downside that has been holding this market up at this point. However, we need to see a break...
The AUD/USD pair broke down during the course of the day on Wednesday, testing the bottom of the hammer from the Tuesday session. Because of this, the Aussie looks like it could continue to go lower, but...
USDJPY has been moving sideways on its 4-hour time frame, finding support at the 118.50 minor psychological level and testing resistance at the 121.50 mark. Stochastic is indicating overbought conditions, which suggests that the top of the...
GBPUSD has been trending lower on its 4-hour and 1-hour charts, moving inside a descending channel pattern. Price is currently testing the top of the range around the 1.5450 minor psychological level and might be due for...
The USD/JPY pair broke higher during the course of the session on Tuesday, as we start reaching towards the 121.50 level. If we can get above there, the market should continue to go much higher than, perhaps...
The USD/CAD pair tried to rally during the course of the day on Tuesday, but found far too much resistance in the way of the 1.3150 handle. Because of this, we feel that the markets probably to...
