The EUR/USD pair had another back and forth session on Tuesday as the market simply cannot decide which way it wants to go. The downtrend line from the February highs continues to hold the bulls back, and...
The GBP/USD pair fell for much of the Tuesday session, only to bounce and form a hammer by the end of the day. The hammer was formed at the 1.62 level, and as a result it looks...
The AUD/USD pair fell on Tuesday as the Reserve Bank of Australia cuts rates by .50 percent during the early part of the session. This of course led to Aussie selling, and as a result the pair...
The USD/CAD pair fell during the session on Tuesday as the oil markets broke out above the $105 resistance level. The pair continues to be bearish overall, and as a result this market is only sold by...
The EUR/USD pair continued to confound traders on Monday, while not only going back and forth, but also giving everyone a little bit of what they want. Simply put, the market isn’t willing to take too many...
USD/JPY has been an interesting market lately. The technical outlook for this pair has seen wild swings in momentum, and many traders and analysts are out there preaching one thing last week and another this week.
The GBP/USD pair fell hard on the Monday session as the rally finally stalled. This wasn’t a big surprise on a day that saw so much risk aversion in general, especially since the pair has been so...
AUD/USD fell during the session on Monday as the “risk off” trade came back. The fears of recession now are back out there as the Spanish situation continues to deteriorate. Because of this, risk assets in general...
The USD/CAD pair shot straight up on Monday as traders reacted to the poor GDP numbers out of Ottawa. The Canadians reported a GDP of -0.2% m/m, while the market was expecting a reading of 0.2%.
The EUR/USD pair rose during the session on Friday, but fell a bit short of breaking out of the descending triangle that the market looks like it is trying to form. There are a ton of problems...
