The USD/CAD pair fell during the shortened Monday trading during the Christmas Eve holiday. Looking this chart, we cannot help but notice that the 0.9950 level is significant resistance, while the 0.9800 level offers support.
The GBP/USD pair initially rallied during the Monday session, but found resistance that push the market back down and formed a shooting star. This shooting star sitting just on top of quite a bit of noise, and...
EUR/USD initially rallied during the shortened Christmas Eve session on Monday, but failed to hold above the 1.32 handle and formed a shooting star. The market has produced three shooting star is the last four sessions now,...
The AUD/USD pair tried to rally at the beginning of the Monday session, but with low-volume the market found it being pushed lower again by the end of the session. In fact, we closed below the 1.04...
Market Commentary The Dollar Index is finding support at 79.00 ranges to currently trade firm at 79.75 resulting in correction in most of the asset classes especially in the benchmark equity index of the Dow Industrials (.DJIA)....
The USD/JPY pair fell during the Friday session, but bounced off of the 84 handle again and formed a hammer for the second day in a row. Looking at this chart, we can see that the 84...
The USD/CAD pair shot through the 0.99 handle during the session on Friday, but failed to close above the 0.9950 level which was our signal to start buying. Because of this, we would have this pair as...
The GBP/USD pair fell precipitously during the Friday session as the “risk off” trade came back into play. With the failing of the so-called “fiscal cliff” talks, this market absolutely cratered. However, you can see that roughly...
The EUR/USD pair fell on Friday, but found quite a bit of support at the 1.3150 handle as it bounced from that significant level. With Wednesday and Thursday both printing shooting stars, and the Friday candle pretty...
The AUD/USD pair fell rather harshly during the Friday session as we slammed into the 1.0 for support level. In fact, that’s exactly where we stopped and we managed to close of the very bottom of the...
