The GBP/USD pair rose on Thursday as the hammer from the Wednesday session was triggered for a buy signal. However, towards the end of the session, the buying abated and even formed a 4 hour shooting star...
USD/CAD fell on the Thursday session, falling far enough to find the recent lows in the 0.9850 area. The support area we have marked is between 0.98 and 0.97 as far as larger support, and as such...
USD/CHF fell on Thursday, but has bounced off of the 200-day moving average. The pair is a “buy only” pair as the USD is the last remaining global safe haven, and the CHF is being actively worked...
The USD/JPY pair originally shot up during the Thursday session, but quickly retreated as the word got out that 5 central banks are increasing the available Dollars for banks to lend each other in Europe.
USD/CAD rose during the Wednesday session, but the latter hours saw the pair falling. Because of this, it looks like the parity level is going to be very difficult to break above for any length of time.
AUD/USD fell hard during the first part of the session on Wednesday, but then shot straight up as the markets had found a footing in the US session. The resulting candle for the day is a hammer,...
USD/CHF fell slightly on Wednesday as traders sold the USD in general. However, the pair cannot be sold because of the Swiss National Bank and its “peg” to the EUR. Because of this, the bank is willing...
The GBP/USD fell during the session on Wednesday, and broke the fresh lows again. However, during the latter hours of the session, we saw optimism reenter the market as three EU heads of state had a conference...
The USD/JPY pair fell on Wednesday as traders continued to dump the USD in general. The markets were choppy during the session, but the events in Europe are still leading the charge as far as direction overall.
The EUR/USD pair fell hard, rose, fell again, and then finally rose during a wild session in the markets on Wednesday. The pair is decidedly bearish, and looks like a sell by most accounts.
