The steady, and dovish, monetary policy of the Reserve Bank of Australia (RBA) served the Aussie with little support in this week’s market as most participants await news from China and New Zealand to determine the direction...
The AUD/USD pair fell on Tuesday, but looked to find support at the 1.07 area. The pair is in a strong bullish market, so we prefer buying on the dips – at least until 1.05 gives way....
The EUR/USD fell hard in reaction to the Tuesday debt downgrade given to Portugal. The markets fell roughly 100 pips off of the announcement. However, it looks as if the 1.44 may be some kind of support,...
The pair is evolving in a trading range between 1,0450 and 1,0790. The upper bound of the range has offered a great resistance lately and we might see a continuation of the move towards the daily 20...
We got a breakdown of the shooting star on Tuesday, and if you were quick, you made good money. However, the 1.60 proved to be too supportive for the bears, and we bounced. However, we feel bearish...
The USD/CAD pair rose on Tuesday, even though the oil markets rose significantly. This doesn’t happen very often, and one would think that the CAD should appreciate because of the correlation. However, the 0.9650 area is crucial...
The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 yesterday and we might see...
The USD/CHF pair fell hard on Tuesday, confirming the range being still intact. The 0.8550 area needs to be broken for the bulls to gain any traction from this point. Because of the range, we like selling...
The USD/JPY rose on Tuesday, but still seems stagnant as the trading range is getting quite tight. The market looks quite content here, and as such, we are not trading this pair at the moment. We don’t...
The USD/CHF setup is now very constructive with the formation of a potential matrial base on top of the historical low at 0,8275. A break above 0,8550 is still required though to really validate a bullish scenario....
