The EUR/USD pair fell during the session on Wednesday, but did manage to bounce back and form a relatively neutral candle. The beauty of the candle though is that it sets up a relatively straightforward trade.
The USD/JPY pair initially fell during the Wednesday session, but got a boost after the Federal Reserve minutes revealed that there were no serious discussions about quantitative easing. As this could be the case, it makes sense...
The GBP/USD pair fell during the session on Wednesday, as the FMOC minutes released gave no suggestion of further easing out of the United States. Because of this, we now have a situation in this pair that...
The AUD/USD market rose during the session on Wednesday to slam into the 1.03 resistance level. This was the area that the bears became aggressively resistive in this market, and as such we are watching this area...
The USD/CAD pair fell during the session on Wednesday to retest the 1.0150 support level. With the oil markets having a relatively quiet day it’s not a surprise that this pair did as well. The oil markets...
Technical analysis for 11.07
A meeting of euro-zone finance ministers failed to boost investor confidence regarding the economic recovery in the region, and resulted in the EUR resuming its downward trend.
The EUR/USD pair fell during the session on Tuesday as the situation in Europe still seems far from being solved. The Italian prime minister mentioned on Tuesday that he could not rule out the Italians needing a...
The USD/JPY pair fell for most of the session on Tuesday as the 79 level has held and been proven to be supportive yet again. The pair is currently being propped up by the Bank of Japan,...
GBP/USD fell for most of the Tuesday session as the “risk off” trade came back into play. This was probably less of a referendum on the British pound then it was a confirmation of US dollar bullishness.
