AUD/USD fell below the parity level a few sessions ago, and Friday saw a very bearish candle as the day saw an attempt to rally above that parity level, only to form a shooting star at the close.
USD/CHF fell on Friday as traders continue to buy back the Franc after the lack of a rise in the “floor” of the EUR/CHF pair. Traders had expected the Swiss National Bank to raise the minimum accepted...
GBP/USD saw a fairly muted move on Friday as the markets overall tried to rally. However, the “risk on” traders we stymied by the end of the bell as the stock markets ended up fairly flat.
USD/JPY fell on Friday as traders sold off the Dollar in general. The pair did bounce towards the end of the session though, and the resulting candle for the session was a hammer.
EUR/USD rose slightly on Friday as traders did a bit of profit taking before the weekend. However, the options markets are showing that the net short positions in the Euro are at all-time highs, suggesting that the...
Following the decision by the SNB to keep the EUR/CHF floor unchanged 1.20, the CHF strengthened the most since September. As the European debt crisis comes to a head, perhaps this could be the time investors test...
AUD/USD rose during the session on Thursday to retest the parity level as resistance. As the level was former support, this is very common from a technical perspective.
EUR/USD had a fairly quiet day during the Thursday session as the 1.30 level came into play to offer support. The area is a major one, and the 1.29 would need to be broken in order to...
The GBP/USD pair had a mildly bullish day on Thursday as it sits on the 1.55 support line. The area is actually 200 pips thick, and there is certainly massive support at the region.
USD/CAD fell on Thursday as oil markets regained some of the losses they suffered on Wednesday. The pair fell back down to the 1.03 levels, and area that we hoped to find support.
