The GBP/USD pair shot straight up during the session on Monday as the cable pair still looks outstandingly strong. Within this chart, we still see the 1.63 level as a significant resistance area, but all in all...
The EUR/USD pair continued to bounce around in the relatively tight consolidation area that we’ve seen over the last couple of weeks. The 1.3150 level continues offer support, as the 1.33 level continues offer resistance.
The AUD/USD pair went back and forth during the Monday session as we continue to linger below the 1.04 level. This level is significant resistance, but we feel that the shape of the candle suggests that pressure...
Renewed efforts by US lawmakers to reach a budget deal before a set of automatic tax increases and spending cuts, known as the “fiscal cliff”, go into effect at the beginning of the year, helped higher-yielding currencies...
The USD/JPY pair fell during the Friday session as the rally finally took a break. The gap from earlier in the week still has not been close, and this could be the beginning of that attempt. However,...
The USD/CAD rose during the Friday session as more and more people get concerned about the fiscal talks in the United States. The resulting candle is bullish, and we did manage close above the 0.9950 handle.
The GBP/USD pair rose during the session after initially falling on Friday in order to show the 1.61 level as being supportive. We believe that the market is essentially a bull market, and as such we are...
The EUR/USD pair fell during much of the Friday session, but found support at the 1.3150 level yet again. The resulting balance formed a hammer, and it does suggest that we are going to continue to see...
The AUD/USD pair rallied during the session on Friday, but failed to break above the 1.04 level again. This area has been significant resistance previously, and support as well. This area continues to hold the market down,...
The AUD/USD pair had a back-and-forth session on Thursday as we continue to bounce around below the 1.04 handle. We are still above the 1.03 handle however, and as a result we are not bearish yet.
