The USD/JPY pair fell during the session on Wednesday to retest the 78.75 support level that it visited the previous two sessions. The market looks relatively weak, but the fact is the Bank of Japan is underneath...
The GBP/USD pair fell over the course of the Wednesday session, only to turn around and bounce to form the third daily hammer in a row. Triple hammers are a very rare occurrence in the Forex markets,...
The USD/CAD pair fell during the session on Wednesday to form a shooting star sitting on top of the 1.01 support level. The pair looks like it is closing the oil markets, and as those markets look...
The AUD/USD pair managed to bust through the 1.0350 level during the session on Wednesday, signaling a fresh new leg up. This suggests that the Aussie dollar will continue to rise until about the 1.05 level, and...
The EUR/JPY has fallen to its trend-line where it is currently consolidating. A rebound is possible, with the range highs at 97.20 providing an upside target. A break above the neckline of a possible inverted head and...
Technical analysis for 18.07
The EUR/USD pair is still rising within a down-sloping channel. It looks like it may be beginning to roll-over and it is possible it will fall eventually to support from the trend-line at 1.2205. There is also...
Unemployment in the US is pulling down the largest economy in the world. In June, the jobless rate was untouched at 8.2 percent, with 80,000 jobs added, figures from the Labor Department showed. Growth in private payrolls...
The EUR/USD pair initially fell during the session on Tuesday as the Federal Reserve Chairman did not explicitly say anything about quantitative easing. However, by the end of the trading day we have seen a nice bounce...
The USD/JPY pair had a bullish session on Tuesday as the Federal Reserve Chairman’s testimony in front of the United States Congress gave no hints of imminent quantitative easing.
