GBPUSD is facing 1.5236 support, a breakdown below this level will indicate that the downtrend from 1.6745 (Apr 28, 2011 high) has resumed, then further decline towards 1.4500 could be seen. Resistance is at 1.5500, only break...
EURUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.3283, and the fall extends to as low as 1.2288. As long as the trend line resistance holds, downtrend could be expected...
The USD/JPY pair fell on Thursday as the “risk off” trade continues to rock the markets. The Non-Farm Payroll numbers come out later today, and if the number is strong, this pair could see a nice bounce.
The USD/CAD pair rose and cleared the 1.03 level on Thursday as the resistance finally gave way. The oil markets continue to look weak, and as a result of this CAD is hurting. This should continue as...
The GBP/USD pair had another rough day on Thursday as the bearish tone in the markets continue to run over everything else. The Pound has suffered over the last several days, and the fact that we have...
The EUR/USD pair continued to fall during the Thursday session, but not without a serious attempt to rally. The Euro got a bit of a lift on a rumor that the International Monetary Fund was talking with...
The AUD/USD pair attempted a rally on Thursday as the 0.97 level was tested. The resulting candle was green, but just barely. Even more interesting is the fact that the candle is a shooting star at the...
The euro saw a mild upward correction during mid-day trading yesterday amid hopes that Ireland would ratify a euro-zone fiscal pact. That being said, the rally was short-lived and the EUR/USD was once again trading below 1.2400...
The EUR/USD pair fell hard on Wednesday as a continuation of the concerns occurred worldwide. The Spanish banks are now front and center, and as such we are now worried about the entire zone on the whole,...
The USD/JPY pair had a bearish day on Wednesday as the fears of a global recession came back into the markets. With the fears coming out of Europe, there is rampant speculation that the Fed will have...
