GBP/USD fell during the session on Monday, but still looks very buoyant. We think that the market will of course attract buyers as long as we can stay above the 1.5250 level, and as a result we...
The EUR/USD pair fell during the session on Monday, but bounced towards the end of the day to form something along the lines of a hammer. This suggests that the market is going to make a serious...
The AUD/USD pair fell during the session on Monday, but just slightly so. It looks like we are continuing to try to form some type of rounded base at this point, and as a result we think...
NZD/USD has enjoyed a strong rally last week, as the RBNZ interest rate statement turned out relatively hawkish. Governor Wheeler specified that the central bank might keep rates low until next year only, prompting traders to speculate...
Successful Forex traders know that it pays to stay abreast of the politics and economic policies of the countries whose currencies they’re interested in. Due to the financial upheavals and political instability across multiple nations over the...
The USD/JPY pair fell during the session on Friday, slamming into the 98 handle. At the 98 level we see quite a bit of support though, so it doesn’t surprise us that we could not get through...
The USD/CAD pair had a negative session on Friday, but as you can see it just barely fell. That being the case, it looks like the market is trying to grind itself lower, and at this point...
The GBP/USD pair went back and forth during the session on Friday, essentially going nowhere. We are dead smack in the center between two major support and resistance levels, and as a result we don’t see a...
The EUR/USD pair went back and forth during the session on Friday, but as you can see got nowhere. Just above the current price action is a downtrend line that forms the top of the descending triangle,...
The AUD/USD pair rose during the session on Friday, but as you can see remains below the 0.93 handle. It isn’t that level that we think resistance sits and that is exactly what’s keeping the market depressed...
