US GDP was revised sharply lower today which pressured the US Dollar. First-quarter GDP was initially stated at a contraction of 1.0%. US equity markets brushed off the disappointment and rallied higher while the US Dollar struggled...
EUR/GBP is showing signs of pulling back to the retracement levels and trend line marked on the 4-hour time frame. As you can see, the 50% Fibonacci retracement level lines up with the .8050 minor psychological level,...
USD/JPY pair trying to rally during the session on Tuesday, but found enough resistance above teacher things back around form a shooting star. With that, it looks as if the market simply can’t go anywhere, and a...
The USD/CAD pair fell initially during the session on Tuesday, but found enough support to turn things back around and form a hammer. The hammer sits just below the 1.0750 level, which of course is a somewhat...
The GBP/USD pair fell during the session on Tuesday, slicing through the 1.70 handle. While this is a negative move, there is a significant amount of support below, thereby making it impossible for us to start selling....
The EUR/USD pair went back and forth on Tuesday, essentially hugging the 1.63 handle yet again. Because of this, we have no interest in trading this pair of the moment as it is essentially at the direct...
The AUD/USD pair initially tried to rally during the course of the session on Tuesday, but as we are just below significant resistance, the market gave up and pulled back down. That being the case this market...
USDCAD remains in downtrend from 1.0960, the rise from 1.0715 could be treated as consolidation of the downtrend. Another fall could be expected, and next target would be at 1.0600 area. Resistance is at 1.0780, only break...
USDCHF is facing 0.8907 support again, a breakdown below this level will confirm that the uptrend from 0.8703 (May 8 low) had completed at 0.9036 already, then deeper decline to 0.8800 area could be seen. Near tern...
USDJPY moved sideways in a range between 101.60 and 102.35. The sideways movement is likely consolidation of the downtrend from 102.79, one more fall to 101.00 area is still possible after consolidation. Resistance is at 102.35, only...
