This morning the dollar is expanding its decline from yesterday, when it reported another weak session. The reasons behind the greenback’s fast drop lay in the Japanese stock market‘s decline and the uncertainty surrounding the Fed’s stimulus...
The USD/JPY pair went back and forth during the session on Wednesday, testing the 95 handle for support again, and testing the 97 level for resistance. In the end, we had very little change from the previous...
USD/CAD fell during a large part of the session, but bounced in order to form a hammer. This hammer is just after a shooting star at the 1.02 handle, and as a result it looks like we...
The GBP/USD pair rose during the session on Wednesday, breaking above the recent highs but pulled back slightly. While this is a positive candle, it also suggest that perhaps the trading will be choppy going forward.
The EUR/USD pair fell initially during the session on Wednesday, but found the 1.3300 level supportive enough to keep the market afloat. In the end, we did bounce and got as high as the 1.3350 or so,...
The AUD/USD pair tried to rally during the session on Wednesday, but as you can see the previous support area at the 0.95 level has in fact shown itself to be resistive now.
On Wednesday the US dollar is trying to offset its heavy losses against the yen seen yesterday. On Tuesday the greenback was subjected to massive sell-offs in favour of the yen after Japan’s central bank refrained from...
The USD/JPY pair fell hard during the session on Tuesday, as the market slammed into the 96 handle again. However, the hammer that had formed a couple of days ago on Friday suggests that there is a...
The USD/CAD pair tried to rally during the session on Tuesday, but you can see that the 1.0250 level offered enough resistance to push the market back down. The US dollar struggle in general, and as a...
The GBP/USD pair initially fell during the session on Tuesday, but as you can see the 1.55 handle offered enough support to push prices back up area in the end, we found ourselves above the 1.56 handle,...
