The GBP/USD pair fell during the Friday session as the 1.57-1.58 area continues to hold back the advances of the buyers. However, as you can see over time we have generally ground our way higher in this...
The AUD/USD pair had a very significant fall during the Friday session as the 1.05 level gave way. This was a strikingly strong move, but it should be mentioned that we are approaching the uptrend line of...
The USD/CAD pair rose during the Friday session as the 0.9850 level acted as support. The result of this was the printing of a hammer for the weekly candle, and it does look like we are going...
German Chancellor Angela Merkel seemed to have done something significant for the Euro Zone as market sentiment was lifted because of her statement conveying support for the European Central Bank’s plan to intervene in the bond markets.
There seems to be a disconnect between the economic news and market action. Specifically, the action of the Spanish IBEX 35 Index, today up 2.09%, and the Italian FTSE MIB Index up 1.08% seems to contradict economic...
USD/JPY had another good session on Thursday as the Yen continues to weaken. Looking at the charts, we have the breakout once we rose above the 78.75 level, and if you have been watching you know that...
The USD/CAD pair fell during the session on Thursday again, to break down well below the 0.99 handle. This market looks extremely bearish, but it should be noted that is moving in relatively slow motion. Because of...
The GBP/USD pair had a strong showing during the Thursday session as it initially fell, but bounced in order to form a very bullish candle. The 1.57 level has been overtaken again, and for the first time...
The EUR/USD pair had a very positive session on Thursday as the 1.2350 level was it. The market still looks as if it’s in a rising wedge, and there are still plenty of problems in Europe. Because...
The AUD/USD pair fell during the session originally, but bounced in order to break back above the 1.05 handle. The hammer from the Wednesday session suggested that we found support at the 1.0450 level, and as such...
