The USD/CAD pair rose during the session in reaction to an overall US dollar rally. The Federal Reserve Chairman spoke in front of Congress during the day suggesting that monetary policy could be changing relatively soon.
The EUR/USD pair initially rallied during the Wednesday session, but as you can see the 1.30 level brought out a lot of sellers, and we close much lower. This massive shooting star of course suggests significant weakness,...
The AUD/USD pair fell during the session on Wednesday as the market found the 0.9650 support level. This area is a significant support level on the longer-term charts as well, so the bounce of course would not...
The USD/JPY pair managed to make a small amount of gains during the session on Tuesday, and by giving back some of it, the pair formed a bit of a shooting star. However, we still see plenty...
The USD/CAD pair rallied during the session on Tuesday, breaking above the 1.03 level yet again. However, the level offers enough resistance that the market is struggling with the area.
The GBP/USD pair fell rather sharply during the session on Tuesday, as the 1.5250 reaching yet again caused quite a bit of resistance. This pair looks like it’s ready to continue lower, and as a result we...
The EUR/USD pair went back and forth during the session on Tuesday, essentially forming a hammer at the end of the day. The hammer sits on the 1.29 level at the moment, so this does suggest that...
The AUD/USD pair went back and forth during the session on Tuesday, eventually forming a hammer. The hammer is focused around the 0.98 handle, and as a result we think that this pair will more than likely...
EUR/USD seems to be rebounding from its recent lows nicely as the pair is edged back abve the 1.2900 major psychological level. It’s just a few more pips away from the 38.2% Fibonacci retracement level, which could...
The dollar seems to have retreated from its rallies at the start of this week, as traders may have booked profits off key inflection points for the major pairs. USD/CAD, in particular, has found resistance at the...
