The USD/CAD pushed higher on Thursday, testing the 1.03 handle again. The 1.03 level is the top of the recent consolidation area, and the sight of massive resistance. The breaking of this area on a daily close...
The USD/CHF pair had a fairly quiet day on Thursday, but did form a small hammer of sorts. The pair is approaching the recent highs, and if the 0.93 handle gives way – this pair should continue...
The USD/JPY fell again on Thursday as traders continue to express a real lack of confidence in the global markets. The Bank of Japan has been intervening in the markets, pushing prices higher form time to time.
The AUD/USD pair fell on Tuesday, but bounced at the end of the session to form a hammer. The bullish candle looks as if it is reiterating the support at the 1.01 level. The pair has been...
USD/CHF rose during the Tuesday session as the “risk off” trade continued to push traders towards the US dollar. The pair is supported by the Swiss National Bank as the central bank is working to keep the...
The GBP/USD pair fell hard on the Tuesday session as traders continue to sell off the Pound and run to the safety of the US dollar. The pair also broke the bottom of two weekly hammers during...
USD/JPY initially spiked during the Asian session on Tuesday, only to spend the rest of the day falling. The downtrend remains intact as usual, and the selling should continue. However, we are getting to retrace about 50%...
EUR/USD fell hard on the Tuesday session as worries about Italian debts continues. The 10 year Italian bond has closed above the 7% level, an area that many people consider “unsustainable”. This should continue to fuel the...
The USD/CAD spiked during the session on Tuesday as traders bought into the safety trade. At the same time, the oil markets recovered to build up an attempt at the $100 mark, which is very supportive for...
The USD/CAD pair rose on Monday as the commodity markets sold off due to risk issues in the EU. The market continues to consolidate in the parity to 1.03 levels with a particularly strong interest in the...
