The USD/JPY pair advanced slightly after the American dollar continued its upside movement against the euro and other major currencies. The Japanese yen is witnessing a correctional movement versus the dollar after last week’s surge, where the...
The Australian dollar strengthened versus major currencies, especially against the U.S. dollar, after Australia recorded a trade surplus of A$1740 million during the month of March, from a previous deficit of A$205 million, more than analysts’ expectations.
The AUD/USD rose today, closing at the highs. This is always a bullish sign, and it appears that we are going to head back up towards the highs soon at this rate. The pair seems to have...
The EUR/USD fell today, but ended the day forming a hammer at the 1.4350 area. This shows underlying strength in this currency and that the USD may begin to fall again. The European issues in Greece are...
The GBP/USD fell today, but only to form a nice bullish hammer at the all-important 1.64 level. This looks very bullish at these levels, and we should see a move up if we can break higher from...
The USD/CAD fell today, ending with a shooting star shaped candle. The location is roughly where you want to see it for a short, since it is currently just under the all-important 0.97 level. The recent highs...
The USD/CHF fell today and looks to continue the trend downward it appears. The recent bullish action was simply a bounce that gave sellers better entry points as this pair is seriously flawed at this point. In...
The USD/JPY fell again today, and is hanging around the 80 level still. A break of the 80 level will certain get the attention of the central banks, and if we break lower – we are not...
Greetings. Let’s take a look at one of our favorite pairs – the EUR/JPY. We saw a steady move up from early in the year and now we’re looking at a potential 3 wave retracement.
Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond...
