The AUD/USD pair attempted to rally during the Wednesday session, but found a ton of resistance of the 1.05 area. Because of this, we have formed a massive shooting star that sits just ensemble the 1.04 level,...
The New Zealand dollar is foreseen to weaken further opposite the US dollar today on a deteriorating economic outlook for the South Pacific economy.
Amidst the uncertainties surrounding the Euro area, the single currency won over the British pound in yesterday’s European trades as British home prices declined for a second straight year, on weak prospects for the UK economy and...
The currency markets were relatively quiet yesterday, as uncertainties regarding the outcome of the US presidential election led to investors holding off on opening big positions.
The USD/JPY pair bounced fairly hard off of the 80 handle during the session on Tuesday, and formed a green hammer. This pair is essentially waiting the results of the US Presidential election, and as such did...
The USD/CAD currency pair fell during the session on Tuesday as the 200 day moving average offers resistance. However, the 0.9900 level is support and we have to see whether or not we are going to break...
The GBP/USD pair did very little during the Tuesday session as we remain just below the 1.60 level. This area is a scene of significant consolidation, and we are towards the bottom of that region.
The EUR/USD pair fell below the 1.28 level for the second day in a row on Tuesday, only to pop back up and form a hammer yet again. The Euro is showing a significant amount of resilience...
The AUD/USD pair broke through the 1.04 level during the Tuesday session as resistance gave way slightly. However, we are not ready to go long of this pair until we break the highs of the Tuesday session...
The Dollar traded flat against the Euro, the Cable and the Swiss France whereas it continued to slide against the Aussie Dollar. The Dollar Index is again expected to find resistance at 81.00 ranges from where is...
