Ichimoku combines a set of trending indicators and projects a unique “cloud” of anticipated resistance and support points to arrive at its take on market activity. As with any set of indicators, specific intersections between the various...
After Mark Carney’s acknowledgment that the financial markets have improved, whilst warning that downside risks remain to the global economy, the Canadian dollar registers gains opposite the Australian currency.
Economic news The yen slides against the dollar The yen reached another low against most of its major counterparts, including the dollar, during the Asian session on Wednesday. The Japanese currency crossed the psychological level of 91...
The US dollar took losses against virtually all of its main currency rivals yesterday, following a disappointing consumer sentiment indicator that generated concerns regarding the pace of the US economic recovery.
Market Commentary The US Dollar is trading mixed since past couple of weeks wherein it has depreciated against the Euro and traded flat against the Swiss France and the Aussie but continued appreciating against the Japanese Yen...
The USD/JPY pair bounced slightly during the session on Tuesday, but gave back much of the gains towards the end of the session in order to form a little bit of a shooting star. However, we see...
The USD/CAD pair fell drastically during the session on Tuesday as we crashed back down towards the parity level again. The real question is whether or not support can come into the market at this point in...
The GBP/USD pair rose during the Tuesday session, essentially reversing the losses from Monday. This market looks like it could be trying to react to a supporting area, and as a result we think that a move...
The EUR/USD pair fell initially during the Tuesday session, but found enough support at the 1.340 level to bounce and form a fairly positive candle for the day. Just above lies the 1.35 resistance area, an area...
The AUD/USD pair broke the top of the hammer that we formed on Monday during Tuesday’s action, and as a result a bullish buy signal has been sent out. We believe this market will continue to grind...
