The USD/CAD pair rose during the Wednesday session to break above the 0.99 handle. However, we aren’t above the 0.9950 level which of course would free the buyers to push the price of this currency pair much...
The Dollar Index is currently trading flat at the critical support of 81.00; most of the FX pairs are trading flat since the Asian session with focus shifting to the ECB interest rate decision and its policies.
We may have a head and shoulders pattern completing on the hourly chart at the highs. This could possibly break below the neckline at 1688 triggering a strong move lower, perhaps to around 1675 where it will...
Eurodollar has pushed lower, breaking down though the neckline of the double top and almost reaching the profit target at 1.2475. Now it has rebounded and begun moving higher again. This is probably a counter-trend move, or...
Prior to the key meeting of the European Central Bank officials tomorrow to enhance efforts to deal with the debt crisis, the Euro ceded gains versus the Great British pound in the previous European trading session as...
The EUR/USD pair tried to rally during the session on Tuesday but failed. The 1.27 level above is still the top of this massive resistance area, and we are not buying this pair until we get above...
The USD/JPY pair rose during the Tuesday session after forming a hammer on Monday, in order to show that it is still trying to build a base. The 78 handle below looks to be a bit of...
The GBP/USD pair attempted to rally on the Tuesday session, but failed at the end of the day to make the gains stick. The candle that was printed for the session formed a shooting star, and this...
The AUD/USD pair initially tried to break above the 1.03 level on Tuesday, but failed miserably and close down towards the lows of the session. As the day ended, we formed a shooting star at the bottom...
The USD/CAD pair fell during the session on Tuesday, but formed a hammer as some of the losses recouped. We are currently sitting above a massive support zone from the 0.98 to 0.9850 level, and as such...
