The USD/CAD pair fell during the Monday session, but found plenty of support at the 0.9950 level in order to bounce and form a hammer or the daily candle. This hammer suggests that we are going to...
The GBP/USD pair rose during the session on Monday, as the 1.57 level continues offer support. However, right now we look at this market as one that is simply consolidating somewhere between 1.57 and 1.59, and because...
The EUR/USD pair fell hard during the Monday session, crashing into the 1.35 level. This level was the neckline of a massive inverted head and shoulders, so we do believe that quite a bit of support should...
The AUD/USD pair initially dipped during the session on Monday, but found support at the 1.04 level yet again in order to form a little bit of a hammer.
Market Commentary The Dollar Index (DX) again finds resistance at 79.00 ranges since April, 2010, resulting in sell off in benchmark equity index of Dow Industrials (DJIA). Next leg of weakness in the USD is expected only...
The US dollar fell to a fresh 14-month low against the euro on Friday, following a disappointing Non-Farm Payrolls figure which reaffirmed speculations that the Fed will leave in place record low interest rates for the foreseeable...
Market Commentary The US Dollar is trading mixed wherein it continued depreciating against the Euro and the Swiss France, where as it appreciated against the British Pound after depreciating for couple of days and continued depreciating against...
Despite soft economic data, expectations that the Reserve Bank of Australia will keep interest rates unchanged in its first policy meeting this year are deemed to lift the Australian dollar today.
The USD/JPY pair shot straight up on Friday again as the nonfarm payroll numbers came out as expected in the United States. This market continues in bullish run, and there’s definitely nothing that looks like resistance in...
The USD/CAD pair attempted to rally during the session on Friday as the Non-Farm Payroll numbers came out as expected in the United States. The pair failed though, and as a result formed a shooting star.
