USD/JPY fell during the Monday session as the 78.00 level acted as a massive resistance barrier to the pair. The pair has been decidedly bearish as of late, and unless the Bank of Japan is intervening, this...
GBP/USD had a back and forth session on Monday as traders first bought it up, and then sold it off. The main reason was the fact that the meeting in Europe between Sarkozy and Merkel produced what...
USD/CAD had a relatively quiet day on Monday. The pair is highly sensitive to the oil markets as the Canadians export so much to the United States. The pair is often used as a proxy for oil...
AUD/USD rose a bit during the Monday session, but mainly appeared somewhat lost and directionless. The pair has seen strong gains recently, and as a result – this positive day is more impressive than the candle would...
The USD/CHF pair had an extremely quiet session on Monday as traders seem to be waiting for the results of the EU summit at the end of the week. The Franc has traditionally been a “safe haven”...
The AUD/USD pair struggled on Friday as the market sold off in general. The Thursday session produced a hammer, and the Friday session formed a shooting star – effectively stating that the pair is confused and could...
EUR/USD rose initially on Friday as optimism gripped the markets once again. However, the 1.35 level has proven that it will attract sellers as the pair approaches it, and the candle was red at the end of...
Friday saw a hard sell off in the cable as traders sold the risk trade in the currency markets. The breaking of the bottom of the doji form Thursday gives us a sell signal, although we are...
The USD/CAD pair had initially fallen in the wee hours of Friday before bouncing after the Non-Farm Payroll announcement. The markets produced a hammer for the session, and it currently sits on the 1.01 level – the...
USD/CHF rose during the Friday session as the breaking of the highs form Thursday signaled more buying. The pair has shown to attract support in the area of 0.90 over the last several sessions.
