The US dollar tried to rally a bit at the open on Monday, but rolled over again. I believe this market will continue to sell the rallies, as the Canadian interest rate differential with the United States...
The British pound fell a bit on Monday as traders came back to work. The market looks as if it is trying to come back to the break out level to find out more buyers. I believe...
The EUR/USD pair initially fell during the session on Monday, but bounced enough to turn things around and go looking towards the 1.15 handle. That level is a massive barrier, and if we can break above that...
The Australian dollar had a relatively choppy session on Monday, as we continue to hover near the 0.70 level. The break out on Friday was significant, so I think we are trying to build up enough momentum...
AUDUSD has been trending higher and is moving inside a bullish channel formation on its 4-hour chart. Price is bouncing off the resistance and could be due for a pullback from here. Stochastic is turning lower from...
Since June peak at $3000, Bitcoin lost 35% of it’s value driving the rest of the cryptocurrency market into chaos as 1st August is approaching which is scheduled to trigger activation of Segregated Witness (SegWit) and could lead to...
AUDUSD had been trading inside an ascending triangle on its long-term time frame and has just broken past the resistance at the .7750 minor psychological mark. This signals that the pair is in for an uptrend, which...
The US dollar fell significantly against the Japanese yen during the session on Friday as less than stellar economic announcements came out of the United States. By slicing through the 113 level, now looks as if we’re...
The US dollar went sideways initially during the session on Friday, but then collapsed after fairly weak inflationary numbers came out of the United States. This only exacerbates the differential between bonds in the US and Canada,...
The British pound went sideways initially during the day on Friday, but then sliced through the 1.30 level, and then eventually the 1.3050 level, an area that I have been calling major resistance recently. I believe that...
