The AUD/USD pair rose during the session on Tuesday, as we managed to slam into the 0.93 handle. This level is the top of a larger consolidation box, so we are deftly watching this candle with great...
GBP/USD is still on an uptrend on the 1-hour time frame but it is currently stalling around the middle of the rising channel, suggesting that bulls are having trouble sustaining momentum. Today’s UK claimant count change report...
The USD/JPY pair fell during the session on Monday, but as you can see bounced a bit towards the end of the day. In the end, we form something along the lines of a hammer, but we...
The USD/CAD pair fell during the session on Monday, breaking through the 1.04 handle. The market looks like it is trying to dig into the support area below, but that being the case we feel that waiting...
The GBP/USD pair rose during the session on Monday, but found the 1.5750 level to be far too resistive as one would expect. The resulting candle is pretty positive, but we think that the market is still...
The EUR/USD pair rose during the session on Monday, breaking above the 1.32 handle again. This means that we are reentering the consolidation area that we had spent so much time and, because of that we feel...
The AUD/USD pair did very little during the session on Monday as we continued to hang around the 0.9250 level. However, we do not have any interest in going long of this market until we clear the...
CFTC Commitments of Traders (COT) Report 03 September, published 06 September 2013, Technical Analysis. For the past three weeks the currency specs had been reducing their USD longs.
The euro’s rallies against the dollar might soon be coming to an end, as reversal candlesticks on the 4-hour time frame are hinting at an exhaustion. At the same time, stochastic has already reached the overbought zone,...
The US unemployment rate dropped to 7.3% down 0.1%. To achieve this improvement, a record 516K of potential workers had to drop out of the work force in the latest month.
