The USD/CHF rose during the Monday session as the 0.85 level continues to offer a psychological barrier for the sellers in this market. The pair is the inverse of the EUR/USD quite often, and as a result...
GBP/USD fell hard during the Monday session, but bounced from the 1.60 level – an area that we said could produce support. The shape of the daily candle is a hammer, and this also shows that the...
USD/JPY had an interesting day on Monday. The Bank of Japan intervened in the market, driving prices much, higher. The top of the move was 79.50 or so, and it should be noted that the 80 level...
The EUR/USD pair absolutely fell apart during the Monday session as traders continue to scrutinize the EU bailout plans. The market sliced right through the potentially supportive 1.39 – 1.40 level, and this is a very bearish...
USD/CAD rose and retested the parity level on Friday, only to fall back down. This shows us that the breakdown in this pair was a serious one, and we think a breaking of the lows on Friday...
The AUD/USD pair fell, and then rose again during the Friday session to form a hammer. The candle is at the top of the move up, so it is either supportive – and the rally has been...
The USD/CHF pair had a slightly bullish day on Friday, showing that the 0.86 level is the start of possible support in this market. The 0.85 is a more significant level in our eyes, but this area...
The GBP/USD market rose again on Friday as traders continue to try and sell off the Dollar. The market has found what was once the August lows in the form of the 1.61 area. The market did...
The USD/JPY fell again on Friday as traders started to lose fear on a Bank of Japan intervention, according to the options markets. The idea that they wouldn’t be as interested in the value of the Yen...
The EUR/USD pair had a negative day on Friday, after clocking in an outstandingly bullish day on Thursday. The rest isn’t surprising after that massive move, but the market has stopped at a former gap, which has...
