The US dollar fell against the Japanese yen during most of the session on Monday, as we continue the downward pressure. Now that we have cleared the 111.50 level, I believe that the market is going to...
The US dollar initially fell against the Canadian dollar, dropping below the 1.27 handle again, but we found plenty of support below, and shot through the 1.27 level without much trouble afterwards. We are starting to see...
The British pound initially rally during the trading session on Monday, breaking above the significantly resistive 1.3333 handle. As I record this though, we are turning around to form a bit of a shooting star on the...
The EUR/USD pair rallied initially during the trading session on Monday, reaching towards the 1.1950 level above, and then pulled back towards the 1.19 level underneath. I think that the market is starting to struggle a bit,...
The Australian dollar has been very volatile during Monday trading, initially surging higher during the day, but finding enough resistance near the 0.7650 level to roll over and sell off rather significantly. The daily candle looks very...
The EUR/USD continues to advance steadily on Monday. After touching an intraday low of 1.1912 in the Asian session, the pair has advanced 45 pips, rising in the European morning to 9-week highs at 1.1957. The common...
Purchase interest in the European currency is accelerating, raising the EUR/USD to new highs of several weeks above 1.1930. The EUR/USD in levels seen in September The pair’s bullish momentum continues to be supported by rising sales...
AUDUSD is currently trending lower but looks prime for a correction to its descending channel visible on the 4-hour time frame. This is in line with the 200 SMA dynamic inflection point, but price is already testing...
GBPUSD appears to have finally broke out of its consolidation pattern on the 4-hour chart. Price surged past the resistance of its descending triangle, indicating its intention to go for more gains. The chart pattern is approximately...
The US dollar drifted a bit lower during the day on Tuesday, drifting down towards the 112 level. The 112 level has been supportive in the past, and as a result it’s likely that the buyers are...
