The pair has finally broken below its daily range and dropped towards a new record low at 0,8080. Considering this new breakout, we consider that the bearish trend remains intact until proven otherwise. The pair remains well...
The breakout of the 80,00 critical support has lead to an acceleration of the decline with a new fresh low at 78,50. It is worth noting though that this 78,50 level has offered a great support lately....
We were expecting somoe kind of bounce on the Cable which has been more than confirmed. We can see that the pair is forming a nice morning star pattern on top of its daily bollinger band which...
As expected, we did see the pair confirming its bounce on top of the 200 moving average after a new low at 1,3830. The daily chart is showing a nice morning star formation which might suggest a...
The US Dollar tumbles after the trade deficit widens by more than $6B. The USD appreciated homogeneously against all the FX majors.Key equity index, Dow Jones Industrials (DJIA) is expected to find resistance in the zone of...
The AUD/USD pair rose on Wednesday and shows signs of wanting to break to new levels. The recent high at 1.08 held during the session, but it must be said that the candle for the day is...
The EUR/USD pair rose on Wednesday as the Fed Chairman, Ben Bernanke, testified before the US Congress and stated that QE3 wasn’t ruled out. In fact, most traders seem to think this was a laying of groundwork...
The GBP/USD pair rose rapidly on Wednesday as it was suggested by Ben Bernanke that possible quantitative easing is in the cards in front of Congress. Because of this, the USD sold off against almost everything in...
The USD/CAD pair fell hard again on Wednesday as the trading world sold off the USD in general after Chairman Bernanke suggested that another round of easing is still possible by the Fed. The pair will look...
The USD/CHF finally broke below the 0.83 area as traders sold off the USD against most currency pairs. The CHF is presently enjoying a general consensus that the world loves the Franc. The pair continues its bearish...
