The USD/JPY pair initially trying to rise during the session on Friday, but fell in the end to form a bit of a shooting star. However, we are sitting just above the 78 handle which of course...
The USD/CAD pair originally fell during the session on Friday, but did bounce in order to form a hammer. This directly competes with the shooting star from the day before, but we also see the 0.98 handle...
The GBP/USD pair rose during the session on Friday and even managed to break through the 1.63 level at one point. However, by the end of the day we saw a pullback that formed a shooting star.
The EUR/USD pair tried to rally during the Friday session above the 1.30 level, but failed and formed a shooting star. This is a market that has been very overbought for a while now, and a pullback...
The AUD/USD pair rose during the session on Friday, but would be beat back at the 1.05 level. The previous day of course saw a hammer, as did the two before that. With that being said, it...
In the previous European trading session, the Euro lost against the Great British pound as manufacturing and services activity in the Euro Zone contracted in September, despite the European Central Bank’s bond-buying plans, adding pressure to the...
The Dollar Index is trading flat at 79.42 after finding support at 78.70 ranges; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges.
Risk aversion returned to the marketplace yesterday after disappointing economic indicators out of China and the euro-zone resulted in higher-yielding currencies and commodities turning bearish throughout the day.
The USD/JPY pair fell during the session on Thursday, but bounced off of the 78 handle as we have suggested it would yesterday. This shows that there is quite a bit of support at 78 as we...
The USD/CAD pair rose above the 0.98 handle on Thursday, but fell back down in order to form a shooting star. This suggests that the 0.98 level is now going to be massive resistance as it was...
