GBP/USD rose on Monday, only to fall back down and formed a shooting star. The 1.59 level looks resistive at this point, and it is cause for the buyers to be somewhat concerned in the short-term.
EUR/USD trying to rally through the 1.28 level on Monday, but failed in the end. This has been an area that has been causing quite a bit of headaches for the buyers, and it looks like it...
AUD/USD rose on Monday as the 1.04 handle was tested as resistance. Having said that, this is an area that we would expect to see sellers step back into the marketplace.
The USD/JPY pair fell initially during Friday, but got a bounce and closed above the 81 handle for the week. This pair has broken out recently, and now that we are well above the 80.60 level, we...
The USD/CAD pair fell gained substantial ground during the Friday session, but as the congressional leaders came out and essentially “held hands” at the press conference in late Friday trading, the pair fell as risk appetite increased.
The GBP/USD pair fell during the start of the Friday session, but bounced later in order to form a slightly positive candle. It appears that the 1.58 level will offer support, and on the longer-term charts we...
The EUR/USD pair fell during the session on Friday, but did bounce off of the 1.27 support level. The resulting candle is somewhat like a hammer, and does show some support in this general vicinity.
The AUD/USD pair fell during most of the Friday session, but got a bounce as we approached the 1.03 level. This area has a history of being minor support, and as the area was approached, we also...
The USD/JPY pair got quite a boost on Wednesday as the Bank of Japan has made it well-known they do plan on extending their inflation target to roughly 3%. Because of this, they will be weakening the...
The USD/CAD pair bounced off of the parity level yet again on Wednesday, and rose to finish the day higher than the previous two highs from the last week and half or so. This is starting to...
