The EUR/USD pair fell during most of the session on Tuesday, piercing the 1.30 level. This area has been the bottom of the recent consolidation, and as a result we feel that this market may simply continue...
The AUD/USD pair fell during most of the session on Tuesday, but found support just above the 1.02 handle as expected. The reason for this is that the 1.02 handle has certainly been supportive over the last...
EUR/USD is currently testing the 1.3000 major psychological area, as the path of least resistance is downwards. After all, fundamentals in the euro zone remain very weak as the region grapples with several financial and economic challenges.
The recent risk-off market environment has pushed AUD/USD down from the top of the long-term range around 1.0600 towards the bottom. Another test of the 1.0200 major psychological level could be in the cards for this week.
The USD/JPY pair fell during the session on Monday, as the 100 level continues to be far too resistive for the buyers in this marketplace at the moment. There is talk of a massive amount of options...
The USD/CAD pair ended up closing the day fairly flat, although it did tried to rally during much of the session on Monday. However, the pullback formed a shooting star, which of course was preceded by two...
The GBP/USD pair rose during the session on Monday, showing that the 1.5250 level still offers support. Having said that, we think that this market could be consolidating at this point in time, and think that the...
The EUR/USD fell during the session on Monday, but found enough support to bounce back up and form a hammer. This hammer suggests that we are going to continue to bounce around the 1.31 handle, and as...
The AUD/USD pair went back and forth during the session on Monday, hovering around the 1.0250 level. The resulting candle is very neutral, and therefore represents a very confused market at the moment. We still see the...
A potential reversal is looming on GBP/USD as the pair formed a complex head and shoulders pattern on the 4-hour time frame.The pair is currently testing the neckline around the 1.5250 minor psychological support level.
