EURUSD is facing 1.2803 support, a breakdown below this level will indicate that lengthier consolidation of the uptrend from 1.2042 is underway, then deeper decline to 1.2600-1.2700 area to complete the consolidation could be seen.
The USD/JPY pair rose during the session broke through the 80.50 level showing strength for the US dollar. On the weekly chart, we closed above the 80 handle for the first time in several months, in this...
The USD/CAD pair fell for most of the session on Friday, but bounced significantly in order to close above the 0.9950 level. The candle looks quite a bit like a hammer, and it should be noted that...
The GBP/USD pair fell precipitously during the Friday session after forming a perfect shooting star on Thursday. This was a classic technical analysis set up that had you watched our videos yesterday, you would have seen. This...
The EUR/USD pair fell precipitously during the session on Friday as we broke down through the up trending line, as well as the 1.29 support level. At this point time, we see the 1.28 level as the...
The AUD/USD pair fell significantly during the session on Friday as the 1.04 level continues offer massive resistance. The market looks like it’s ready to head back towards the 1.02 level, and a break below the Friday...
The USD/JPY was able to extend its bullish run throughout the day yesterday, following a batch of positive US economic news which boosted faith in the American economic recovery.
The Dollar Index is currently trading flat at 80.15 ranges, near to the upper range of the range bound pattern formed during past couple of weeks; DX is still range bound between 80.40 and 79.00.
The USD/JPY pair rose during the session on Thursday as the “risk on” attitude took over the global financial markets. The real test will be later today however, as the nonfarm payroll number tends to move this...
The USD/CAD pair fell during the session on Thursday in order to test the lower limits of the hammer formed on Wednesday. The pair happens to be sitting right at the 200 day exponential moving average, and...
