The USD/CAD pair rose during the session as the “risk off” trade continued on Monday. Italian elections spooked traders around the world as the anti-austerity candidates did extraordinarily well.
The GBP/USD pair initially gapped lower during the session on Monday, but as you can see we did gain quite a bit in order to try and fill that. Within quite good, but can close enough and...
The EUR/USD initially looked very bullish for the session on Monday, as it sliced above the 1.3250 resistance area. However, as the Italian election results started to come in, anti-austerity politicians did much better than anticipated.
The AUD USD pair initially rally during the Monday session, but fell in order to test the 1.0250 area. This market has been consolidating between 1.02 and 1.0370 lately, and as a result this is simply a...
The USD/JPY pair rose during the session on Friday, but remains fairly tight going forward as we have gone sideways over the last two weeks. The market is been extraordinarily bullish over the last several months, and...
The USD/CAD pair shot straight up during the Friday session, but found the 1.0260 level far too resistive. This formed the second shooting star in a row in this pair, and as a result we think that...
The GBP/USD pair rose during the session on Friday, break above the 1.53 level but found the area far too resistive to overcome. This formed a shooting star, which of course was formed right after a hammer.
The EUR/USD pair went back and forth during the Friday session, testing the 1.3250 resistance level, and the 1.3150 support level. In the end, the market did essentially nothing as we closed almost unchanged.
The AUD/USD pair rose again during the session on Friday, as the consolidation between 1.02 and 1.0370 continues. Within this chart, it’s hard to think that we will breakout as the 1.04 level looks so resistive.
The USD/JPY pair fell during the session on Thursday, but found the 93 level supportive enough to keep the market relatively sideways. It should be said that the markets got quite a boost in late day trading...
