USD: Bullish While some traders booked profits after the FOMC sparked a strong dollar selloff, it seems that most of the anti-dollar rallies that took place yesterday were mere retracements. For instance, GBP/USD managed to pull back...
There might be a chance to catch the GBP/USD selloff at a better price today as the pair appears to be retracing to the 38.2% Fibonacci level on the 4-hour time frame. On a longer-term chart, the...
The USD/JPY pair fell during the session on Thursday, but found the 93 level supportive enough to keep the market relatively sideways. It should be said that the markets got quite a boost in late day trading...
The USD/CAD pair again during the session on Thursday, but as you can see the 1.02 level was far too resistive for the buyers to overcome. This resulted in a perfect shooting star, and as a result...
The GBP/USD formed what could be considered a perfect hammer during the session on Thursday. The 1.52 level that the hammer is based upon is the very bottom of the ascending triangle that originally sent this market...
The EUR/USD pair fell significantly during the Thursday session, cracking the 1.3250 level as support. The market did stop however as the 1.3150 area, as it looks to be the bottom of that support area. Because of...
The AUD/USD pair went back and forth during the session on Thursday, but in the end formed a relatively neutral candle. In fact, you could almost call it a hammer, which we of course will treat as...
Market Commentary The US Dollar continued appreciating on the event of the most of the asset classes succumbed to selling pressure. The Dollar Index (DX) is consistently trading above the critical resistance of 81.20 ranges and is...
USD: Bullish The minutes of the latest FOMC meeting caused quite a ruckus in the currency market as policymakers showed signs of hawkishness for the U.S. economy. In fact, some policymakers even suggested that they might overlook...
GBP/USD just broke below the long-term support at 1.5350 and the next area of support is around 1.5000 then at 1.4300. The pound has been selling off aggressively lately as the United Kingdom has been printing weak...
