The Dollar Index is trading in very important support zone of 75.30-76.00; weekly close below 75.00 would reinitiate long-term dollar bearishness. Though 76.00 ranges are expected to again act important support in short term; historic resistance in...
The USD/CAD pair bounced hard from the parity level on Tuesday, an area that we have mentioned several times over the last week or two. The area offered support, and was urged on by the Bank of...
AUD/USD fell during the Tuesday session after trying to break through the 1.05 level. The area is significant resistance, and showed it during the session. With the issues in Europe taking the headlines, this pair will certainly...
The USD/CHF pair has fallen again on Tuesday. The pair continues to drift lower, as traders are starting to test the will of the Swiss National Bank. The SNB is trying to keep the Franc weaker, and...
GBP/USD had a wide range during the Tuesday session, and ended up printing a doji for the day. The candle is right at the 1.60 level, and the 61.8% Fibonacci retrace as well.
USD/JPY fell on Tuesday, but bounced later in the session to form a hammer for the day. The Bank of Japan has been jawboning this pair quite a bit over the last couple of days, and many...
The EUR/USD pair found itself in a range during the Tuesday session, but ultimately ended up being slightly negative. The upcoming summit today in the EU should continue to drive the pair and its future direction.
The upcoming EU summit is in focus.
Data on confidence yesterday also signaled a mild downtick in outlook from the previous month. The news has had some impact on the forex market, though it could magnify through longer-term analyses on US financial markets should...
Greetings. Let’s take a look at the EUR/USD daily chart. You can see we’re in what looks to be a contracting triangle. So, look for the pair to move up to test the trendline and 1.4000 area...
