The GBP/USD bounced back and forth during the session on Wednesday as the 1.61 handle continues to attract support. Looking at this market, we still feel that it is relatively supportive, and as such we would be...
The EUR/USD pair rose during the session on Wednesday as the bullishness continues. However, the market still looks like it is trying to consolidate between the 1.3150 and 1.33 levels.
The AUD/USD pair fell slightly at the beginning of the Wednesday session, but bounced back in order to form a hammer above the 1.0350 level. Because of this, it does look like we are about to see...
Market Commentary The US Dollar traded mixed wherein it has depreciated against the Euro and Swiss Franc whereas it continued appreciating against the Japanese Yen and the Aussie. The Dollar Index after finding support at 79.00 ranges...
Even with the risk that the world’s largest economy could enter a recession, the Canadian dollar had the biggest intraday jump in almost two weeks against its US counterpart amid investor optimism about the country’s economic prospects.
Despite low liquidity in the marketplace due to the Christmas holiday and a lack of economic indicators, the US dollar started off the week on a bullish note.
The USD/JPY pair rose during the session on Monday as the pair continues to rise overall. We now are clear of the 84 handle, which was once serious resistance. We see the 85 handle as resistive as...
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,...
