GBP/USD rose and then fell again on Thursday as the 1.57 level held the market down again. The pair looks likely to stay in the 1.57 – 1.55 range for the short-term as the levels simply cannot...
USD/CAD had a very bearish day on Thursday as the oil markets were quite constructive. The pair even managed to violate the bottom of the hammer from Wednesday, and this does in fact show real bearishness.
USD/CHF dipped slightly during the Thursday session as the stock markets around the world were generally positive. The pair did bounce back though, and is forming a third hammer in a row on the daily chart.
USD/JPY rose on Thursday in the illiquid volume. The pair is struggling to clear the 78 handle completely, something that has been the case for quite some time. If we can get a close above the 78.50...
USD/CAD fell on Tuesday as the oil markets rallied hard. The pair managed to break below the 1.03 level for a sustained period of time during the session, but bounced back above it by the close.
AUD/USD rose rapidly on Tuesday as the latest round of “risk on” suddenly came back to the markets. The Spanish managed to sell bonds at a decent rate for the session, and this got the market a...
USD/CHF had a bearish day on Tuesday as the Dollar got sold off in general. However, the pair only managed to sell off to the all-important support level at the 0.93 handle.
GBP/USD rose on Tuesday as the markets bought into the “risk on” scenario. The pair rose all the way to the 1.57 level where is promptly turned around, suggesting it was a low volume move.
The USD/JPY pair fell on Tuesday as the Dollar got sold off in general. The downward momentum in this pair is immense, and the path of least resistance is certainly to the downside.
The EUR/USD pair rose on Tuesday as the market bounced from the 1.30 level. The rise has been rather strong, but it also gave up a lot towards the end of the session.
