USD/CAD fell on Thursday, and even managed to poke through the bottom of the massive symmetrical triangle that we have been watching lately. The breech of the uptrend line was significant, but even more important was the...
USD/CHF fell again during the Thursday session as the world suddenly feels relieved about the situation in Europe as a few bond auctions have gotten better. The pair is flowing just above the 0.93 levels, and area...
USD/JPY rose during the session as the risk appetite in the markets overall improved. The level that the pair rose from is massive support, and the pair reacted as we had anticipated.
USD/CAD fell for the Wednesday session as the Dollar got hit around the world. The “risk on” scenario came back into play, and people bought many of the “riskier” currencies. However,
AUD/USD broke out on Wednesday from a triangle that had kept it under pressure for the last month or so. The solid close at the end of the session foretells higher prices, and the market looks set...
The GBP/USD pair shot straight up on Wednesday as traders took on more risk for the session. However, the pair is currently at the bottom of a massive consolidation pattern from just a couple of session back,
USD/JPY fell for the session on Wednesday as the Dollar got sold off in general. The pair currently is sitting on top of a nice support area at 76.50 level and the market simply hasn’t moved much...
EUR/USD rose straight up for the Wednesday session as traders celebrated more rumors of free money for the Greeks in the form of some kind of bailout being put together by the IMF.
USD/CAD fell for the Tuesday session as the oil markets continued to grind higher. However, much like the oil markets, this pair has found itself winding up in a tighter and tighter manner as it has formed...
AUD/USD rose again on Tuesday as the commodity currencies got a bid yet again. The triangle that we have been watching in this pair was pierced, but the breakout was beaten back by the resistance.
