USD/CAD fell during the session on Wednesday as the parity level has all but given up at this point. The move continues to extend itself, and we’re now well below the bottom of the downtrend channel suggesting...
Weak German and French economic fundamentals caused the decline of the Euro versus the British pound in the European trading exchanges yesterday. Industrial production in Germany fell in June, while France’s trade deficit widened in the same...
Technical analysis for 8.08
The euro remained bullish for most of the European session yesterday, as investor hopes that the European Central Bank will soon step in to lower borrowing costs in Italy and Spain helped boost risk appetite.
The EUR/USD pair tried to rally during the session on Tuesday, but only formed a shooting star suggesting that the buyers simply aren’t stepping in at this point in time. This makes sense, the European Union has...
The USD/JPY pair rose during the session on Tuesday, to show real strength off of the 78 handle yet again. It is below the 78 handle that we find the Bank of Japan, and more importantly any...
GBP/USD rose during the session on Tuesday as the bullish traders attempted to push the pair above the 1.57 level. The area has held as resistance yet again, but we should recognize the fact that the lows...
The AUD/USD pair managed to fall during the session on Tuesday, after initially surging higher. This shooting star shaped candle is a bit of a signal that perhaps a pullback should be coming.
The USD/CAD pair broke down during the session on Tuesday in order to finally get below the parity level. We are starting a get into the “meat” of the support below parity, but we think that this...
The USD/JPY is trading in a sideways range and there is a strong possibility it may continue. It is currently falling within this range and there is a strong possibility that if it breaks below the 76.4%...
