GBP/USD rose on Monday, only to fall back down and formed a shooting star. The 1.59 level looks resistive at this point, and it is cause for the buyers to be somewhat concerned in the short-term.
EUR/USD trying to rally through the 1.28 level on Monday, but failed in the end. This has been an area that has been causing quite a bit of headaches for the buyers, and it looks like it...
AUD/USD rose on Monday as the 1.04 handle was tested as resistance. Having said that, this is an area that we would expect to see sellers step back into the marketplace.
The US dollar posted gains against several of its main currency rivals on Friday, as concerns regarding an economic slowdown in the euro-zone combined with speculations that the Bank of Japan will initiate a new round of...
In the previous European trading session, the Euro lost to the Great British pound as the Euro Zone continues to be bombarded with worries over Greece and the US fiscal cliff.
The Dollar Index is trading at 81.25 with 81.00-81.20 ranges still acting as short term resistance from where is sold off during September last.
The USD/JPY pair fell initially during Friday, but got a bounce and closed above the 81 handle for the week. This pair has broken out recently, and now that we are well above the 80.60 level, we...
The USD/CAD pair fell gained substantial ground during the Friday session, but as the congressional leaders came out and essentially “held hands” at the press conference in late Friday trading, the pair fell as risk appetite increased.
The GBP/USD pair fell during the start of the Friday session, but bounced later in order to form a slightly positive candle. It appears that the 1.58 level will offer support, and on the longer-term charts we...
The EUR/USD pair fell during the session on Friday, but did bounce off of the 1.27 support level. The resulting candle is somewhat like a hammer, and does show some support in this general vicinity.
