EUR/USD rallied initially on Friday, but failed to get above the 1.28 level which should now be resistance. Because of that break down, we believe that this pair goes much lower, perhaps as low as 1.24 before...
The AUD/USD pair tried to rally above the 1.04 handle during the Friday session, but was beat back and closed below it at the 1.0383 level.
The euro fell to a fresh two-month low against the US dollar yesterday, as investors shifted their funds to safe-haven assets amid signs of economic turmoil in the US and euro-zone.
In the previous European trading exchanges, the Euro lost versus the Great British pound as concerns over Greece and the US fiscal cliff weighed on risk sentiment, shoring up demand for safer assets and reducing that of...
Despite weakness in the benchmark equity index of Dow Industrials (.DJIA), resilience was seen in the appreciation of the Greenback against most of the FX majors. The Dollar Index may again expected to find resistance at 81.00...
The USD/JPY pair fell rather sharply during the session on Thursday as we broke down below the 80 handle yet again. The 79.30 level did act as support however, and as such we got a little bit...
The USD/CAD pair rose during the session on Thursday after forming a hammer on Wednesday. We are currently sitting at the parity level, and as such we think we are trying to build enough pressure to go...
The GBP/USD pair broke through the bottom of the shooting star from the previous day on Thursday. This set up a nice selling opportunity, but unfortunately the market turned back around and formed a hammer which is...
The EUR/USD pair fell during much of the session on Thursday as the bottom of the shooting star from Wednesday got broken to the downside. However, by the end of the session we saw buying at the...
The AUD/USD pair initially tried to rally during the session on Thursday, but got beat back yet again. The shooting star from Wednesday signaled that we are running into quite a bit of resistance, and now we...
