AUD/USD seems to have breached the 1.0500 major psychological level already and appears poised to test the next resistance at 1.0600. Take note that this is in line with the top of the long-term range visible on...
CFTC Commitments of Traders (COT) Report 02 April, published 05 March 2013 – Technical Analysis. Speculators increased their aggregate net position in the USD to 338,399 contracts, up from 322 132 in the previous week. Almost all...
The USD/JPY pair initially fell during the Monday session, but as you can see we have continue much higher, probably much higher than most market participants would’ve imagined as we close the day at the highs of...
The USD/CAD pair gained during most of the session on Monday, but as you can see on the chart found far too much resistance of the 1.02 level in order to continue going higher. In fact, by...
The GBP/USD pair fell during the session on Monday, but as you can see the 1.5250 level offered enough support to keep the market above it. This is the area that had been so resistive previously, so...
The EUR/USD pair had a back and forth session on Monday, hovering around the 1.30 handle. This is an area that we thought that the Euro could run into trouble, and we have to admit that the...
The AUD/USD pair shot straight up during the session on Monday, closing the gap down that we saw at the open. In fact, we managed to go above the gap, and close above the 1.04 level. However,...
Thanks to weaker than expected U.S. jobs data, GBP/USD breached the 1.5250 minor psychological resistance on Friday and climbed all the way up to the 1.5350 mark. However, price action on Monday reveals that the rally ran...
The disappointing March NFP from the U.S. triggered a sharp selloff for USD/CHF, taking the pair below the .9400 significant support level and bottom of the previous range.
The USD/JPY pair initially fell during the Friday session, but buyers stepped in to pick this pair back up after a week nonfarm payroll number. Within this chart, it’s obvious that we have broken out above the...
