EUR/USD fell during the session on Monday as the markets were in “risk off” mode again. The pair did find support at the recent 1.31 resistance level however, and this is a bullish sign now that the...
The Dollar Index tried to trade strong during the Asian session and the European session but continued last week’s fall after the Dow Industrials recovered from the lows during mid New York trade. It is trading near...
Market review for 23 – 27.01, 2012
The US dollar closed last week on a bearish note, as it took significant losses against most of its main currency rivals, including the euro and Japanese yen. The dollar began to decline during the middle of...
The Dollar Index is trading near to the support of 78.20; though the medium-term trend is bearish, DXH2 may trade sideways between 79.80 and 78.20. The long-term trend is still bearish till the Dollar Index does not...
USD/CAD fell on Friday as traders continued to sell the Dollar in general. However, the parity level continues to put up a fight and offer support. The pair has yet to close convincingly below that mark, and...
AUD/USD rose again on Friday as the Dollar continues to get sold off. The bad GDP numbers out of the United States certainly did nothing to inspire confidence in the economy, and as a result, traders went...
USD/CHF fell on Friday as traders continued to sell the Dollar in general. The pair has seen a brutal selloff lately, and the breaking below of the hammer from Thursday is indeed a very bearish sign.
GBP/USD rose during the Friday session as the Dollar continues to weaken. The area above is the start of significant resistance though, and it is at this point that we will find out just how strong the...
USD/JPY fell during the Friday session as the Dollar continues to weaken against most other currencies. The area just below starts the support level that the Bank of Japan has been defending, so this area could produce...
