The recently released manufacturing PMI for the United Kingdom sparked a massive selloff for the pound as the actual figure missed expectations. Take note that the BOE is currently watching business surveys very closely before they make...
The USD/JPY pair fell for the session on Tuesday as the downward pressure continued. However, by the end of the session we saw a significant bounce and as a result formed a nice looking hammer at the...
The USD/CAD pair fell during the session on Tuesday, but managed to bounce enough from the bottom of the session in order to form a hammer. This hammer is suggestive of support below, and we do think...
The GBP/USD pair fell dramatically during the session on Tuesday, parking at the 1.51 level. This candle is very negative, and closes at the very bottom of the day’s range.
The EUR/USD pair rose initially during the session on Tuesday, but pulled back and closed just above the 1.28 handle. This market has been rather bearish lately, and it appears that even though we saw a supportive...
The AUD/USD pair initially rallied during the session on Tuesday, but as you can see gave back quite a bit of the gains in order to form a shooting star. We still think that the 1.04 level...
Thanks to its recent rallies for the first few trading sessions this week, EUR/USD was able to pull up to the former support level around the 1.2850 minor psychological handle. This is closely in line with the...
Economic news (2 April 2013)-The Australian dollar rose against most of its major counterparts, including the greenback, after the Reserve Bank of Australia left the cash rate unchanged at 3% on Tuesday, as was widely expected by...
USD/JPY sold off for the past couple of weeks and is now testing the former resistance at the 94.00 major psychological level. The pair seems to be finding support around this area, which is also in line...
USDCAD broke below the lower line of the price channel on daily chart, suggesting that the uptrend from 0.9815 had completed at 1.0341 already. Further decline would likely be seen, and next target would be at 1.0000...
