The US Commerce Department released its final third-quarter GDP figure which came in 0.5% higher than the previous estimate and now shows an annualized GDP growth rate of 4.1%. The data was especially well received after the...
USD/CHF is still trending lower on its 4-hour time frame, despite the strong bounce seen after the FOMC interest rate statement. The pair has dipped to new yearly lows around the .8850 area and might be ready...
The USD/JPY pair fell initially during the session on Thursday, but as you can see continue the bullish action lately day as we bounce to form a hammer. The hammer suggest that the market is in fact...
The USD 40/CAD pair fell during the session on Thursday, to retrace about half of the gains found on Wednesday. Nonetheless, we think this simply going to be a buying opportunity as we continue to chop around...
The GBP/USD pair initially tried to fall during the session on Thursday, but found enough support around the 1.6350 level to bounce and form a hammer. This hammer suggest that the market would go higher, but we...
The EUR/USD pair fell during the session on Thursday, but we still remain above the 1.36 “floor” in this market. We think that that area still will cause a bit of a bounce, so at this low...
The AUD/USD pair had a slight positive session on Thursday, bouncing off the 0.8850 level. However, this market is broken by all accounts, and therefore we believe that the downward channel that we see in the market...
After breaking above 1.0707 resistance, USDCAD pulled back from 1.0727, suggesting that lengthier consolidation of the uptrend from 1.0182 (Sep 19 low) is needed. Deeper decline could be expected, and the target would be at 1.0580 area....
USDCHF is in downtrend from 0.9751 (Jul 9 high), the rise from 0.8832 could be treated as consolidation of the downtrend. Further rally could be expected over the next several days, and the target would be at...
USDJPY remains in uptrend from 96.94 (Oct 25 low). Further rise could be expected over the next several days, and next target would be at 105.00 area. Key support is located at the upward trend line on...
