AUD/USD made a strong rally yesterday thanks to upbeat jobs data, but it was unable to sustain its rally when Chinese CPI came in weaker than expected today. The pair topped around the .9450 minor psychological...
The USD/JPY pair fell during the session on Thursday, testing the 101.50 level. Looking at this market, you can see that the support level has been rather stiff below. So it makes sense that we could see...
The USD/CAD pair rose during the session on Thursday, bouncing off of the 1.0850 level. This area of course is trying to offer some type of support for a market that has broken down significantly. A break...
The GBP/USD pair fell during the bulk of the session on Thursday, but bounced enough to form a little bit of a hammer. This area looks as if it is attracting more buyers, and that we will...
The EUR/USD pair rose during the session on Thursday, breaking to the 1.39 handle. The market has been relatively parabolic though, so there is the possibility that we will pullback in the near future. However, that pullback...
The AUD/USD pair rose during the session on Thursday, touching the 0.9450 level at one point during the day, but pulling back enough to form a shooting star. The shooting star suggests that we are in fact...
Economic data released out of Japan and China pointed towards an economy much slower than current market prices as well as currency crosses suggested. Forex traders have been slow to react to the economic disappointments which mean...
EUR/USD recently broke above a falling trend line on its 1-hour time frame, indicating that the downtrend is already over. The pair also surged past the 1.3800 area of interest, suggesting that more gains are in the...
The USD/JPY pair went back and forth during the session on Wednesday falling just below the 102 level. The candle going back and forth during the session on Wednesday suggests that we are trying to find some...
The USD/CAD market fell during the session on Wednesday, breaking below the 1.09 handle. Although we did not collapse, we do fear that this market is probably going to go lower, thereby causing us to sell this...
