Europe started today’s sour economic news releases as the Service Sector PMI came in much weaker across the continent. The Eurozone Service PMI came in at 51.6 which missed estimates which called for an increase to 51.9....
Thanks to strong New Zealand jobs figures, NZD/USD made a stellar rally in the past trading session and climbed back above the .8200 handle. However, the pair might be encountering resistance right at that area, which has...
The USD/JPY pair found enough support at the 101 level to bounce and form a hammer for the session on Tuesday. That being the case, it is almost impossible for me not to notice the fact that...
The USD/CAD pair fell during the session on Tuesday, but as you can see found enough support right around the 1.1050 level in order to bounce and form a nice looking hammer. This is a market that...
The GBP/USD pair fell below the 1.63 level during the session on Tuesday, but bounce back above that level in order to form a hammer. This hammer of course suggests that there is plenty of support below,...
The EUR/USD pair continues to meander around the 1.35 handle, as the Tuesday session provided little in the way of volatility. Because of this, I am more and more convinced that the market is essentially going to...
The AUD/USD pair rose during the session on Tuesday, blowing through the 0.88 handle like it wasn’t even there. However, we still see significant resistance up to the 0.90 handle, and this move was more or less...
USD/JPY recently broke below the 102.00 major psychological support level and dipped below the 101.00 mark this week. However, with stochastic reaching the oversold region and crossing upwards, dollar bulls may be back in action for the...
The USD/JPY pair fell during the session on Monday, testing the 101 level. However, we think that there is significant support all the way down to the 100 level, and although we think that we will eventually...
The USD/CAD pair fell during the session on Monday, but as you can see found enough support at the 1.1050 area to bounce and form a nice-looking hammer. This is a market that’s been in an uptrend...
