The AUD/USD pair fell during the session on Monday, as it looks like the market is finally going to succumb to the weight of the downtrend again. That being the case, we are selling on a break...
USD The dollar bounced back to action against some of its counterparts on Friday, as traders booked profits off their short trades ahead of the weekend.
EUR/USD is still in a strong uptrend on its 1-hour time frame, as seen from the rising trend line that connects the price’s lows. It appears that another test of the trend line could take place within...
The USD/JPY pair fell during the Friday session, but as you can see did not clear the bottom of the hammer from Thursday, showing that there is at least some support in the form of 96. However,...
The USD/CAD pair fell during the session on Friday, but as you can see we are still in the middle of a bunch of support. This pair will be choppy, and quite frankly we would not be...
The GBP/USD pair did very little on the Friday session, as we sit just above the 1.55 handle. This area of course is a significant round number, so of course we are not surprised see some type...
The EUR/USD pair fell during the session on Friday, completing a bounce off of the downtrend line that is the top of the descending triangle that we have been in. That being the case, we feel that...
The AUD/USD pair rose during the session on Friday, heading towards the 0.93 handle. That being the case, we feel that this market will more than likely try and find resistance in that general vicinity.
USD The U.S. dollar weakened against most of its counterparts in yesterday’s trading, as risk appetite continued to stay in the markets. EUR/USD climbed above the 1.3300 handle while GBP/USD reached 1.5500.
USD/JPY just broke below a key support level, as dollar weakness continued to dominate price action in yesterday’s trading. After that strong drop though, USD/JPY might retrace for a bit before heading any lower.
