The USD/CAD pair fell during the session on Monday, breaking through the 1.04 handle. The market looks like it is trying to dig into the support area below, but that being the case we feel that waiting...
The GBP/USD pair rose during the session on Monday, but found the 1.5750 level to be far too resistive as one would expect. The resulting candle is pretty positive, but we think that the market is still...
The EUR/USD pair rose during the session on Monday, breaking above the 1.32 handle again. This means that we are reentering the consolidation area that we had spent so much time and, because of that we feel...
The AUD/USD pair did very little during the session on Monday as we continued to hang around the 0.9250 level. However, we do not have any interest in going long of this market until we clear the...
CFTC Commitments of Traders (COT) Report 03 September, published 06 September 2013, Technical Analysis. For the past three weeks the currency specs had been reducing their USD longs.
The euro’s rallies against the dollar might soon be coming to an end, as reversal candlesticks on the 4-hour time frame are hinting at an exhaustion. At the same time, stochastic has already reached the overbought zone,...
The US unemployment rate dropped to 7.3% down 0.1%. To achieve this improvement, a record 516K of potential workers had to drop out of the work force in the latest month.
EUR/GBP has sold off strongly in the past few weeks, bringing it down from the .8750 area to the .8400 handle. The 4-hour chart reveals that there’s strong support in this region though.
USDCAD breaks below 1.0450 support, suggesting that the upward movement from 1.0245 had completed at 1.0568 already. Further decline could be expected, and next target would be at 1.0200 area.
USDCHF broke above 0.9400 resistance and reached as high as 0.9455. However, the rise is likely correction of the downtrend from 0.9751, one more fall towards 0.8500 is still possible after correction.
