The British pound rose slightly during the day on Thursday as the markets would have been fairly quiet due to the Americans celebrating Thanksgiving. At this point, there’s a lot of noise ran around the 1.25 handle,...
The US dollar initially rallied against the Canadian dollar during the very thin Thursday trading session, turning back around as the 1.35 level offered far too much resistance. The shooting star that form suggests that we are...
The AUD/USD pair fell at the open on Thursday but then bounced a bit to challenge the 0.74 handle. There is a significant amount of resistance above and extending all the way to the 0.75 level, so...
The US dollar rallied on Thursday again, breaking above the 113 handle. The market continues to be a bit overextended, so it’s difficult to get long of this market now. Essentially, you would be “chasing the trade”,...
The British pound initially fell on Wednesday but found a little bit of support to turn things around and form a hammer. The GBP/USD pair has been grinding its way to the upside ever so slightly over...
The USD/JPY pair rose again during the day on Wednesday as we continue to slice to the upside. This is a market that is overbought though, and as a result I’m waiting to see a pullback in...
The Australian dollar initially tried to rally during the day on Wednesday, but found the 0.7450 level above to be a bit too resistive to continue. Because of this, I believe that the market is going to...
The EUR/USD pair initially rallied on Tuesday, but then struggled to hold the gains as we ended up falling yet again. It appears that the market is intent on reaching towards the 1.05 level given enough time,...
The Australian dollar initially tried to rally during the day on Tuesday, but found the 0.74 level above to be far too resistive. Because of this, the market looks as if it is going to turn around...
The US dollar continues to grind higher against the Japanese yen as we now find yourselves testing the 111 handle. However, this is an extraordinarily oversold market, so I’m not willing to go long here. I need...
