The GBP/USD pair had a strong showing on the Friday session, but failed to close above the 1.58 level. The pullback and that area suggests to us that there is a considerable amount of resistance just above...
The EUR/USD pair fell again on Friday, after initially trying to rally and bounce off of the 1.34 level. This market looks relatively weak, but it should be stated that there are a lot of supportive clusters...
The AUD/USD pair went back and forth during the session on Friday, in actually had a positive day. We close above the 1.03 level, which of course is a minor support area but still look a bit...
Market Commentary With most of the asset classes correcting, the Dollar Index (DX) gained by more than 50 points to currently trade at 80.32. Next leg of Dollar weakness is expected only below 79.00 ranges else it...
Economic news The euro has been experiencing some ups and downs against its major currency counterparts on the Forex charts this week. The single currency was bearish against the dollar during yesterday’s trading, reaching an intraday low...
Concerns about what the European Central Bank (ECB) would discuss at today’s press conference with regards to the EU economic recovery, resulted in the euro turning bearish throughout most of yesterday’s trading session.
The USD/JPY pair initially rose during the session on Wednesday, but ran into resistance near the 94 handle and pullback in order to form a shooting star. This shooting star could signal the beginning of a larger...
The USD/CAD pair originally trying to rally during the session on Wednesday, but as you can see by the chart form a shooting star as we pulled back.
The GBP/USD pair had a fairly quiet session on Wednesday, as it retested the lows from Tuesday but failed to stay down there. The resulting candle is somewhat of a hammer, but to use that term would...
The EUR/USD pair fell during the session on Wednesday, but remained above the 1.35 level. This area should provide quite a bit of support, but there will be concerns of what is going to be said after...
