The USD/CAD pair fell during the session after initially trying to rally. The 1.00 level below still offers a “trigger” for more sell orders, and as you can see the market simply is grinding at this point....
The GBP/USD pair went back and forth during the session on Monday, remaining above the 1.55 support level. This market has essentially done nothing over the last couple of sessions, and appears to be quite comfortable just...
The EUR/USD pair fell during the session on Monday, but as you can see bounced of the 200 day moving average. The 200 day EMA has been flat for some time, and as a result trend traders...
The AUD/USD pair fell during the session on Monday, but bounced towards the end of the day just above the 1.02 support level. This level has been rather supportive lately, and as a result we are not...
After last week’s strong selloff, USD/CAD is currently stalling around the 1.0075 resistance turned support level. This is in line with the 50% Fibonacci retracement on the 4-hour time frame.
The USD/JPY pair rose during the session after a very strong jobs report for the month of April, as the US employment situation turned out to be much stronger than anticipated.
The USD/CAD pair fell during the session on Friday, after first gaining. The better-than-expected nonfarm payroll number out of the United States of course gave steam for this breakdown, as the Canadian dollar tends to do well...
GBP/USD went back and forth during the session on Friday, testing the 1.55 level for support and proving it to be so. The 1.56 level offered resistance again, and as a result it looks like we are...
The EUR/USD pair went back and forth during the session as you would expect on a nonfarm payroll Friday, it ended the day slightly positive. The market did close above the 1.31 handle, and in and of...
The AUD/USD pair rose during the session on Friday, showing extreme strength after forming a hammer on Thursday. The Australian dollar did follow its New Zealand cousin, and as a result it appears that the commodity currencies...
