The GBP/USD pair tried to break through the 1.63 handle on Wednesday, but with the beat back by the sellers. The decisive turnaround was quite impressive, and formed a nasty looking shooting star.
The EUR/USD pair shot straight up during most of the session on Wednesday, but ran into far too much trouble as the 1.33 level in order to keep going higher.
The AUD/USD pair had a negative session after initially trying to rally on Wednesday as the 1.05 level was overcome by the sellers. We do have to consider the 1.04 level as a significant support level below...
The USD/JPY pair rose during the session on Tuesday as the 84 handle continues to offer support. The testing of it for support has gone on for the last 40 hours, and the fact that we could...
The USD/CAD currency pair rose during the session on Tuesday, but remains consolidating between the 0.98 and 0.99 handles. We think this pair will be one of the most sensitive to the so-called “fiscal cliff”, and as...
The GBP/USD pair shot straight up during the Tuesday session as we broke above the 1.62 handle. This area signified a resistance level that finally has given way, and because of this, it does look like we...
The EUR/USD pair shot straight up during the Tuesday session, as the 1.3150 level has been confirmed as a floor. The candle is very bullish, and we did close towards the very highs for the day, always...
The AUD/USD pair fell during the session on Tuesday as the consolidation between 1.05 and 1.06 continues. The market does look healthy overall, and unlike its cousin the New Zealand dollar, the Australian dollar is an overextended.
The USD/JPY pair gapped higher from the weekend after the announcement that the opposition party had won a super majority in Parliament during the Japanese elections. This led to an interesting Monday session, as we actually lost...
The USD/CAD pair initially rose during the session on Monday, only to be turned back around at the 0.99 area. This market looks like its dead set on falling, and as such we are ready to begin...
