The EUR/USD pair fell during the session on Wednesday in order to come back down and retest the 1.25 area. The hammer shaped candle from the Tuesday session continues offer support at this point in time, but...
USD/JPY had a fairly quiet session on Wednesday as the support area down to the 78 handle continues to hold the market up. This area seems to be rather strong, and as we know that the Bank...
The US Dollar is trading flat at 81.54 with 81.00-81.20 acting as support and 82.10-82.30 acting as resistance; only daily close below 81.00 would lead to further depreciation in the USD across the board.
The GBP/USD pair had a fairly wild ride on Wednesday, as it both rose and fell during the trading session. By the time it was all said and done, the market had finished in a fairly neutral...
The AUD/USD pair attempted to rally during the Wednesday session, but fell short as the sellers step back into the marketplace. We are currently trading right around the 1.0350 level, which of course is relatively close to...
The USD/CAD pair had an interesting session as it continues to show signs of support at the 0.9850 level on Wednesday. The hammer that was formed on Tuesday matches a hammer that was formed the previous week,...
The Australian dollar posted losses against the Japanese yen in the previous Asian trading session as worries over the global economy continued to weigh on the former. Also, construction work done in August declined to the lowest...
There is a box consolidation on the hourly chart with upside potential. A decisive break above the 98.83 spike high could see a breakout followed by a probable rise up to the upper channel line at 99.75....
Eurodollar has pulled back after a sharp rally. It will probably resume its move higher and re-test the upper channel line at 1.2615. The bigger picture, however, indicates the formation of what is probably a fulcrum pattern...
In the previous European trading session, the Euro gained versus the US dollar after the European Central Bank (ECB) said that President Mario Draghi would not make an appearance at this week’s Jackson Hole Symposium, turning all...
