The USD/JPY pair had a negative showing on Tuesday, dipping back to the 96 handle. However, this market is most certainly bullish and we certainly wouldn’t sell it. Looking at the 95 handle, we also see an...
USD/CAD had a relatively quiet session on Tuesday, as the range tightened. We are currently sitting just above the 1.0250 level, an area that has offered minor support lately. However, if you have been listening to our...
The GBP/USD pair fell during the session on Tuesday, but found enough strength to bounce back and form a bit of a hammer. This is normally a very strong sign, but will we would be concerned about...
The EUR/USD pair went back and forth during the session on Tuesday, essentially going nowhere by the end of the day. We formed a very neutral candle, and it appears that we are simply waiting for some...
The AUD/USD continued to rally during the Tuesday session, carving into the 1.0350 area. We did breakout, but this does show that there is underlying strength for the Australian dollar. Looking forward, we think that the market...
USD: Bullish The U.S. is set to release its retail sales report for February at 1:30 pm GMT today. The headline figure could show a 0.5% increase while the core version of the report could also show...
GBP/USD has just broken below the 1.5000 major psychological level in the past week but the pair appears prime for a retest within the day. Using the Fibonacci retracement tool on the recent swing high and swing...
USD: Neutral There are no major reports due from the U.S. or other major economies today so dollar pairs could simply move sideways for the rest of the day.
Cable has been on a downtrend for the past few weeks and has recently made a strong break below the 1.5000 major psychological support level. This confirms that the selloff is really strong and that the pair...
The USD/JPY pair had a very back and forth session on Monday, essentially going nowhere during the trading day. This came after a massive move higher on Friday, as we had broken above the 95 handle.
