Despite starting Thursday off on a promising note, the euro managed to tumble against most of its main currency rivals as the euro-zone debt crisis continues to drive investors away from the currency.
The AUD/USD pair rose on Thursday as the bulls stepped back in to push back against the fall at the end of the Wednesday session. The pair is highly risk-sensitive, so we aren’t big fans of being...
EUR/USD rose again during the session on Thursday as the “risk on” move came back into the markets in general. The stock markets gained, and the optimism increased during the session judging by the rise in such...
GBP/USD rose and then fell again on Thursday as the 1.57 level held the market down again. The pair looks likely to stay in the 1.57 – 1.55 range for the short-term as the levels simply cannot...
USD/CAD had a very bearish day on Thursday as the oil markets were quite constructive. The pair even managed to violate the bottom of the hammer from Wednesday, and this does in fact show real bearishness.
USD/CHF dipped slightly during the Thursday session as the stock markets around the world were generally positive. The pair did bounce back though, and is forming a third hammer in a row on the daily chart.
USD/JPY rose on Thursday in the illiquid volume. The pair is struggling to clear the 78 handle completely, something that has been the case for quite some time. If we can get a close above the 78.50...
Amidst holiday season the Dollar index is trading flat. Major trend is range bound between 73.40 and 81.40 where as the medium trend is bullish till 77.50 ranges is holding on weekly closing basis, though 81.40 ranges...
Positive Euro-zone statistics supported the euro.
Greetings. Let’s take a look at the longer term USD/CHF chart. It seems the low did hold as support and now we see a pretty clear 3 wave up movement.
