The GBP/USD pair fell drastically after initially gaining during the Thursday session. In fact, the pair had a raced roughly 75 pips ahead of the ECB meeting. Once the ECB and the Bank of England both got...
The EUR/USD looks absolutely horrible after the action on Thursday. We initially had a Spike all the way to 1.24 levels, only to be reversed by the end of the day to close below the 1.22 handle....
The AUD/USD pair spiked initially during the Thursday session, only to turn around after the ECB disappointed markets. The “risk off trade” had the Australian dollar selling off, and we have formed a shooting star for the...
The EUR/USD pair rose during the session on Tuesday as traders bought into the notion that the European Central Bank was going to ride to the rescue. However, any easing out of that central bank will ultimately...
USD/JPY rallied during the Tuesday session, but failed in the end. The resulting daily candle is a shooting star, and as a general rule we would be very interested in selling this market. However, we see the...
The GBP/USD fell during the session on Tuesday as the British pound got pummeled. In fact, we broke the bottom of the hammer from the Monday session that it of course signal selling positions. However, at the...
The AUD/USD pair rally during the session on Tuesday, only to turn around and all in the end. This formed a shooting star the 1.05 level, and this does of course look very bearish. It should be...
The USD/CAD pair rose during the session on Tuesday as it bounced from the parity level. We suggested yesterday that this could be the case, and it does in fact look like the level held as support....
The EUR/USD pair fell during the Monday session after forming a shooting star at the 1.23 level on Friday. This is a bearish turn of events, but it should be said that there was a little bit...
The USD/JPY pair fell during the Monday session, to approach the 78 handle yet again. The level does however look like it’s been defended by the Bank of Japan judging by recent action.
