The US dollar fell against the Canadian dollar initially on Friday but found support as the Canadian CPI numbers came out less than anticipated. This works against the Loonie overall, and therefore we rallied back towards the...
The British pound went sideways initially during the session on Friday, but pulled back towards the 1.35 handle. That’s an area that offered a certain amount of support, as it has during most of the week. I...
The EUR/USD pair initially shot higher during the day on Friday, but found the 1.20 level to be too resistive to continue going higher. This area has continued to offer problems for the market, and I think...
The Australian dollar shot higher during the day on Friday, reaching towards the 0.7975 level. We have seen a significant amount of noise recently, and it now looks as if the gold markets may be trying to...
GBPUSD extended its upside movement from 1.1946 to as high as 1.3652, facing a major resistance trend line from 1.7190 to 1.5016 on its weekly chart. As long as the price is below the trend line, the...
The US dollar was reasonably quiet during the session on Thursday against the Japanese yen as we consolidate above the 112 level. Currently, it looks as if the 112 level will offer a bit of support, and...
The US dollar has been slightly positive against the Canadian dollar during the trading session on Thursday, testing the underneath of an uptrend line that had been broken previously as the Bank of Canada raised interest rates....
The GBP/USD pair continues to be very volatile, as we have gone sideways in a tight range during the day on Thursday, testing the 1.35 level. I believe that the market should continue to be choppy, and...
The EUR/USD pair has rallied a bit during the day, bouncing from an uptrend line that we have seen on the daily chart. This is important, because it will define whether we stay in the uptrend or...
The Australian dollar fell precipitously against the US dollar during the session on Thursday, as it appears that the Aussie has run out of steam. On the daily charts, we formed a massive shooting star for the...
