The USD/JPY pair rose during most of the session on Wednesday as the pair continues to find support in the 80 “area”. However, the daily candle looks like a shooting star, and as a result it looks...
The GBP/USD pair fell on Wednesday to reach for the 1.59 level. However, we didn’t close below it, and that is the sell signal that we have waited for. Until that happens, we are very interested in...
AUD/USD fell again on Wednesday as the commodity markets fell due to risk aversion. The European concerns continue to hurt the riskier assets, and the Aussie is suffering for it. However, the end of the session saw...
The USD/CAD pair has been one that we have been watching for several sessions, and the biggest problem we had was the fact that the “parity” level was not only resistive, but 100 pips thick.
The USD/CAD pair rose during the session on Tuesday as the risk off trade continues. The oil markets also fell, with the Light Sweet Crude markets now well below the $95 support level.
The AUD/USD pair attempted to rally on Tuesday, only to fail and fall further. The resulting candle from the session is a shooting star, and it is formed at the bottom of the down move we have...
The GBP/USD pair fell very hard on Tuesday to slam into the 1.60 level. The area was the site of a breakout last month, and should therefore be supportive now. However, the price action is very bearish,...
The USD/JPY pair rose during the Tuesday session as the Dollar gained against almost all currencies. The pair has been sitting at the 80 handle for several sessions now, and it looks as if the level could...
The EUR/USD pair continued to fall on Tuesday as the markets worry about the various problems facing Europe. The breakdown over the last couple of weeks has been brutal, and there shouldn’t be much of a debate...
The EUR/USD pair continued to fall on Monday as the traders in this pair sold the pair off without hesitations. The markets have seen the 1.29 level give way now, and this signals another round of weakness.
