The GBP/USD pair fell for the first half of Wednesday, but bounced again to produce a hammer. This is especially impressive as the UK officially went into recession during the session as well! Because of the resilience...
The USD/CAD pair fell somewhat significantly during the Wednesday session as the markets continue to look for yield. However, the pair is still above the 0.98 handle, and it is below there that we feel comfortable selling...
The USD/JPY pair had an eventful day during the session on Wednesday, only to end up essentially unchanged. The pair is currently right on the edge of a downtrend channel, and the piercing of it certainly would...
The euro strengthened amid positive results of auctions of Italy, Spain, and Netherlands governments’ bonds.
The euro staged a slight recovery against the US dollar yesterday, following a successful Dutch debt auction which calmed investor fears regarding the recent political turmoil in Holland. After tumbling over 100 pips earlier in the week,...
The USD/CAD pair fell hard during the Tuesday session as the risk on trade came back. Also, oil did give a slight bid for the session, and this helped the Canadian dollar as well. The fact that...
The AUD/USD pair fell for much of the session on Tuesday, but bounced at the end in order to form a hammer. This bullish sign is at the bottom of the most recent consolidation level, and it...
GBP/USD had a bullish day on Tuesday, proving the hammer from the Monday session to be support after all. However, with the Federal Reserve meeting and announcement coming later in the day, it is best to wait...
The USD/JPY pair fell for a significant part of the Tuesday session, only to pop higher and form a hammer. The pair is currently stuck in a down trending channel, but looks as if it is getting...
EUR/USD rose a bit on Tuesday as the best levels came off. The pair has been choppy lately to say the least, and the action continues to remain so. The trend lately has been for the Europeans...
