The GBP/USD pair rose during the session as the “risk on trade came back into play. The 200 day simple moving average continues to offer support, and the candle for the Wednesday session is a hammer.
The EUR/USD pair fell during the Wednesday trading session in order to test the 200 day simple moving average again. This also reaffirmed the supportive nature of the 1.27 to 1.28 support zone.
The AUD/USD pair fell during the session on Wednesday as we continue to hover just below the 1.04 level. We see this area as significant resistance, and as such think that this pair will struggle to go...
The USD/JPY pair continued to grind higher on Tuesday, as the Bank of Japan works its way against the Yen. The marketplace should continue to grind higher, but we have seen a significant move in a short...
The USD/CAD pair did very little during the session on Tuesday as we continue to consolidate between the parity and 0.99 levels. We currently sit just below the 200 day exponential moving average, and as such there...
GBP/USD rose during the session on Tuesday as the top of Monday’s shooting star has been broken. This is a bullish sign, and as such we believe that this market will continue to rise over the next...
EUR/USD finally closed above the 1.28 level as that resistance area has been slowly chipped away over the last couple of weeks. With this being said, it is a bullish sign and we would consider the possibility...
AUD/USD into the session essentially unchanged after flirting with both opposed 1.04 levels, and pre-1.04 levels. In other words, the market went back and forth and eventually did nothing.
The USD/JPY pair fell during the session on Monday, but bounced in order to form a hammer. This hammer sits just below the 81.50 level, and can either be a supportive sign, or a “hanging man” if...
The USD/CAD pair fell during the session on Monday as the parity level offered resistance yet again. However, we see this market has been stuck between 0.99 and parity, and as such aren’t willing to get involved...
