The GBP/USD pair fell during the first part of the trading session on Tuesday, only to bounce back to form yet another hammer. This is the second one in a row, and after the massive bullish action...
The AUD/USD pair shot straight up on the Tuesday session as traders began to speculate that easing out of both China and the United States could add more of a boost to the global economy.
The USD/CAD pair fell during the session on Tuesday as oil prices rose yet again. The 1.01 level continues offer support, but only just barely. We believe that a break below the hammer lows from the early...
The EUR/USD pair got a nice bounce after initially falling on Monday as the Americans reported a very weak retail sales number. This had people selling the US dollar, and as a result the euro got a...
The USD/JPY currency pair had a bearish session on Monday as the “risk off” trade came into play. This would have been set off by the poor retail sales number coming out United States, and as such...
The GBP/USD pair initially fell during the Monday session, only to bounce back and form a bit of a hammer on top of the massive green candle from Friday. This looks as if the 1.56 level will...
The AUD/USD initially fell during the session on Tuesday, only to bounce to form a hammer off of the Friday bullishness. Looking at the Australian dollar as a proxy for global risk, it appears that traders believe...
The USD/CAD pair tried to rally during the session on Monday, only to turn around and form a shooting star at the all-important 1.0150 level. The currency pair and the oil markets are both in harmony as...
The EUR/USD pair bounced during the Friday session, as the 1.22 level held as support. This bounce will more than likely signal an opportunity to sell this pair again, as the trend is so obviously bearish.
The USD/JPY pair fell during the Friday session to pierce the 79 handle. This level has been supportive in the past, and Friday’s action was no different. The area has been supportive over the last couple of...
