The EUR/USD pair fell significantly during the Monday session, after initially gapping lower. Because of the initial move, many traders got involved in the rout look to be set. However, the American traders sold the Dollar and...
The USD/JPY pair bounced off of the 78 handle during the session on Monday in order to form a good looking hammer for the session. This suggests to us that the 78 level will continue to offer...
The GBP/USD pair fell for most of the session on Monday, only to bounce at the very end of trading. The 1.55 level has offered support, and this should really be that surprising as it had been...
The AUD/USD pair fell during the Monday session as the “risk off” trade came back into play. There a lot of concerns out of Europe now, mainly revolving around Spanish principalities and cities. Spanish and Italian bond...
The USD/CAD pair rose sharply during the Monday session as the global risk appetite waned. However, by the end of the day the pair had pullback on much of its gains, and had formed something along the...
Market review for 9 – 13.07.2012
The short term outlook for the aussie is uncertain: it has fallen sharply this morning and it may continue lower until it reaches the trend-line at around 1.0235. A deeper penetration would hit the 100-day MA at...
The USD/JPY pair has broken out of the channel it has been trading inside and sold-off down to the monthly pivot at 78.05. It has broken just below the pivot and it may continue even lower. The...
The eurodollar pair has gapped down today and fallen to support at the current 1.2095 level where the monthly and weekly pivots are both situated together. The gap was probably of the break-away variety and it is...
The American currency climbed by 97 pips against the Swiss franc as the US economy is pictured to grow even at a slow pace. Though the policy fog, the problems in Europe, the global slowdown are making...
