The USD/JPY pair initially had a bullish session on Tuesday, but gave up quite a bit of the gains as the market churned within the 79-80 resistance zone. The area looks ripe for a pullback, and this...
The GBP/USD pair had an extraordinary day on Tuesday as it finally broke above the recent resistance level. However, the market is resistive all the way to the 1.58 handle, and we did not manage to close...
The AUD/USD pair had a bullish session during the Tuesday trading hours, but did manage to fail at the 1.05 level again. This is odd as it was an area that caused massive resistance almost 3 weeks...
The USD/CAD pair fell below the recent lows on Tuesday, but bounced in order to form a hammer just below the 0.99 level. This pair does look like it’s ready for a bounce of sorts, and we...
Eurodollar has broken above the 1.2385 highs and will probably now run all the way up to the 1.2440 level, although there may be a short pull-back to the support line at 1.2380 first. It is possible...
In the day’s exchanges of the NZD/USD, the New Zealand dollar is hoped to break out of its consolidation channel and make gains opposite the US dollar. The Kiwi currency looks to take advantage of economic releases...
Trends in the currency futures continue uninterrupted. For the past several weeks there has been spec-buying in the so called ‘commodity currencies’ versus sales of the USD.
The EUR/USD pair had a back-and-forth session during the Monday trading day, to in the session and basically unchanged. The candle is very neutral, and sitting on an uptrend line from the rising wedge that we’ve been...
The USD/JPY pair fell during the Monday session after initially trying to push higher. This shouldn’t be much of a surprise, as it has surged so high in such a short amount of time. This could be...
GBP/USD rose during the Monday session, but was repelled again just above the 1.57 level. This area has acted as massive resistance over the last few weeks, and we think that it is without a doubt the...
