NZDUSD previously broke below a head and shoulders reversal pattern neckline, indicating that a downtrend is in the cards. The chart pattern is approximately 350 pips tall so the resulting selloff could be of the same size....
The US dollar drifted lower during the course of the session on Friday, reaching down to the 112 level, but then bounced above there only to turn around to show signs of massive resistance. The extraordinarily long...
The US dollar went sideways against the Canadian dollar initially during the session on Friday, reaching towards the 1.25 handle. This is an area that will continue to attract a lot of attention, as it is a...
The British pound started to rise during the course of the day on Friday, reaching towards the 1.3325 handle. We pulled back from there, only to find support at the 1.3275 level underneath. Ultimately, the market continues...
The EUR/USD pair continues to see a lot of volatility during the session on Friday, as we initially tried to rally, then pulled back. However, we get an explosive move after there were less than impressive CPI...
The Australian dollar went sideways during the course of the trading session on Friday, but then exploded to the upside as gold rallied after a less than impressive CPI figure coming out of the United States. Ultimately,...
USD / JPY Current price: 112.16 The positive data from the United States published on Thursday was not enough to boost the pair of 112.50, the US Treasury’s decline in performance after an auction and the end...
The US dollar fell initially against the Japanese yen, but found a bit of support near the 112.25 level. I think there’s even more support at the 112 level, as it has been significant lately. If we...
The US dollar went sideways initially on Thursday, did the bid, and then rallied towards the 1.25 handle. That area offered resistance, and the market started to roll over. I find this interesting considering that the oil...
The British pound struggle during the Thursday session, as we had initially rallied, but then broke down significantly. We cleared the 1.32 level to the downside, showing signs of significant weakness. Because of this, the market tested...
