The USD/CAD pair initially rallied during the session on Tuesday, but found the 0.9950 level far too resistant yet again. Because of this, we formed a candle that looks somewhat like a shooting star it certainly looks...
The GBP/USD pair went back and forth during the session on Tuesday, but essentially ended up flat. The 1.58 level just below should be massively supportive, as it was the top of the ascending triangle that sent...
The EUR/USD pair went back and forth during the session on Tuesday, but closed well above the 1.33 handle. This shows us that 1.33 should continue to offer support, and that the real risk in this pair...
The AUD/USD pair had a strong showing on Tuesday after the slightly bullish candle on Monday. We are now at the very top of the range, which of course is bordered by the 1.06 handle which has...
The Euro is deemed to regain its strength opposite the Japanese yen today as the ZEW reports due today are deemed to underscore improving prospects for the Euro Zone economy as it attempts to emerge out of...
The yen came off a recent 2 ½ year low against the US dollar yesterday, as investors spent the day speculating about the possible steps the Bank of Japan was willing to take to increase inflation.
The USD/JPY pair has been one that has been very interesting lately. During the Monday session, we initially saw the pair fall, only to be fit back up and form a somewhat hammer like candle.
The USD/CAD pair did very little during the session on Monday, which of course would have been expected as it was the US holiday celebrating Martin Luther King Jr.’s birthday.
The GBP/USD pair went back and forth during the Monday session again, as traders try to decide what to do with it. The lovely five a level has held as support so far, so this will give...
The EUR/USD pair did almost nothing during the Monday session. We currently sit just above the 1.33 level, and look like we are trying to consolidate between here and 1.34 or so.
