The USD/JPY initially rose during the Wednesday session, but by the end of the session the pair had fallen back down to form a shooting star. The bearish candle could signal a retrace coming, but the fact...
While the US dollar was able to move up against many of its main rivals during morning trading yesterday, the currency was not able to maintain its bullish trend during the evening session.
The EUR/USD pair fell for most of the session on Tuesday as the 1.3250 level held as resistance. However, by the end of the day we saw a bounce in this pair, and the resulting candle was...
The USD/JPY pair rose during the Tuesday session to break the top of the hammer that the pair formed on Monday. The signal was bullish, and as a result more traders came into the market. The range...
GBP/USD fell for most of the session on Tuesday to form a bearish and red candle. However, the pop at the end of the day also made a bit of a hammer. It is at the top...
The USD/CAD pair spiked quite nicely during the Tuesday session as the Saudis announced that they are able to increase output in the oil markets to help contain pricing. The Canadian dollar tends to follow the value...
The AUD/USD pair fell hard on Tuesday after a BHP Billiton exec was quoted as saying Chinese demand for hard commodities out of Australia was weakening. The Chinese have been the lone hope for a lot of...
USD/CHF rose during most of the session on Tuesday as the “risk off” trade came back just a bit. The pair has massive support from 0.91 to 0.90, and the 61.8% Fibonacci retracement level is just below...
The EUR/USD pair rose during the session on Monday as the markets continue to breathe a sigh of relief after the Greek bailout package was passed. However, the 1.3250 level is just above, and it looks as...
USD/JPY fell for most of the session on Monday, but bounced during the day as the 82 handle held as support. The 50, 100, and 200 day EMAs all point higher, and the market has also cleared...
