The USD/CAD pair initially tried to rally during the session on Monday, but fell short as we fell off again and formed a shooting star. This shooting star does in fact suggest that we will see continuation...
The GBP/USD pair fell during the session on Monday as the markets continue to reach for the 1.60 support level. However, towards the end of the day we saw buyers stepped back into the marketplace, and as...
The EUR/USD pair had a positive session after going back and forth during the Monday trading hours. However, we are so comfortably above the 1.33 level, and as a result we still think buying is the only...
The AUD/USD pair had a positive showing on Monday, but still remains well underneath the massive resistance barrier that needs to break in order to truly become a bullish proposition.
Market Commentary The US Dollar traded mixed wherein it has traded weak against the Euro and the Aussie; continued to appreciate against the Japanese Yen and traded flat against the Cable. The Dollar Index is trading at...
The euro appreciated significantly against other major currencies after ECB President Mario Draghi announced at a news conference on Thursday that the bank’s decision to keep its key interest rate unchanged was taken unanimously by the bank’s...
The euro saw bullish movement against most of its main currency rivals on Friday, as investor confidence in the EU economic recovery remained high after the European Central Bank left interest rates unchanged earlier in the week.
Comments from Japanese and Australian leaders over the weekend are deemed to sustain the bullish trend of the AUDJPY to begin the new trading week. Japanese Prime Minister Shinzo Abe continued to call on the Bank of...
The USD/JPY pair initially pulled back during the Friday session, but got a bit of a bounce as usual and formed a nice-looking hammer at the top of the massive green candles from Wednesday and Thursday.
The USD/CAD currency pair fell during the session on Friday, but found the 0.98 handle supportive as usual and bounced enough to form a hammer. The hammer isn’t exactly the most perfect looking hammer, but it does...
