AUD/USD rose on Thursday in order to attempt a run at the 1.04 resistance area. The pair did manage to hold onto gains, but just barely. The candle formed was a shooting star, and is at the...
EUR/USD rose during the Thursday session as traders celebrated successful bond auctions in both Italy and Spain. However, the recent downtrend is certainly intact, and it is hard to think that it suddenly will give way based...
GBP/USD fell below the 1.53 level on Thursday, but didn’t manage to stay under it. The area is serious support, and a breaking below the support zone would have massive implications in the pair going forward.
USD/CAD continues to trade in a tightening range as the oil markets have been so back-and-forth. The pair certainly has been tough to trade over the last several weeks, and we now are starting to see a...
USD/CHF fell for the session as the Dollar got hit all around. Weaker than expected December retail sales were a weight on the “risk on” sentiment for the session, and as a result the Dollar fell against...
USD/JPY had a fairly quiet session on Thursday as the pair continues to bump along the bottom of a consolidation area. The 76.50 area should continue to offer support, and the Bank of Japan is below waiting...
USD/CAD fell on Wednesday as the pair continued the move down. However, but the end of the session, the pair had bounced enough to close higher. The resulting hammer looks fairly supportive, and would indicate that perhaps...
AUD/USD rose slightly for the Wednesday session in what was best described as quiet trading. The pair is currently running up to the resistance area that is between 1.03 and 1.05, and should find the next 200...
USD/CHF rose during the session on Wednesday as the pair continues to grind higher overall. The pair is the opposite of the EUR/USD pair essentially, and the movement is almost always inverse of that pair.
GBP/USD fell during the session on Wednesday as the Pound got absolutely hammered against most other currencies. The pair has been grinding lower, and we even suggested that perhaps it was getting ready to make a significant...
