The GBP/USD pair rose during the session on Friday and even managed to break through the 1.63 level at one point. However, by the end of the day we saw a pullback that formed a shooting star.
The EUR/USD pair tried to rally during the Friday session above the 1.30 level, but failed and formed a shooting star. This is a market that has been very overbought for a while now, and a pullback...
The AUD/USD pair rose during the session on Friday, but would be beat back at the 1.05 level. The previous day of course saw a hammer, as did the two before that. With that being said, it...
In the previous European trading session, the Euro lost against the Great British pound as manufacturing and services activity in the Euro Zone contracted in September, despite the European Central Bank’s bond-buying plans, adding pressure to the...
The Dollar Index is trading flat at 79.42 after finding support at 78.70 ranges; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges.
Risk aversion returned to the marketplace yesterday after disappointing economic indicators out of China and the euro-zone resulted in higher-yielding currencies and commodities turning bearish throughout the day.
The USD/JPY pair fell during the session on Thursday, but bounced off of the 78 handle as we have suggested it would yesterday. This shows that there is quite a bit of support at 78 as we...
The USD/CAD pair rose above the 0.98 handle on Thursday, but fell back down in order to form a shooting star. This suggests that the 0.98 level is now going to be massive resistance as it was...
The GBP/USD pair fell for most of Thursday, but bounced in order to form a hammer and the 1.62 level. This pair has been broken out for some time, and as such we are very bullish of...
The EUR/USD pair fell during the session on Thursday as the 1.3 0 Level Gave Way to the sellers. However, towards the end of the day we did get a bit of a bounce and we now...
