The GBP/USD pair fell significantly during the session on Tuesday, but bounced quite a bit in order to form a beautiful looking hammer. In fact, this looks like we could be starting to form a bit of...
Market Commentary The Dollar Index (DX) finds resistance at intermediate resistance of 80.50 ranges on the event of most of the asset classes finding stability. Though next leg of Dollar weakness is expected only on DX consistently...
The GBP/USD pair looks absolutely horrible as the pair collapsed on Monday. We’re closing towards the bottom of the candle, and this almost always means that weakness will continue.
Market Commentary The Dollar Index is trading firm at 80.00 ranges on the event of most of the asset classes either nearing their respective resistance zones or correcting. The benchmark equity index of the Dow Industrials (.DJIA)...
Market Commentary The Dollar Index (DX) is dwindling around 80.20 ranges on the even of the benchmark equity index of the Dow Industrials (.DJIA) trading tight at the psychological resistance of 14000 mark. Next leg of Dollar...
GBPUSD’s downward movement from 1.6339 extends to as low as 1.5630. Key resistance is at 1.5900, as long as this level holds, the downtrend could be expected to continue, and further decline to 1.5500 is still possible...
The GBP/USD pair had a strong showing on the Friday session, but failed to close above the 1.58 level. The pullback and that area suggests to us that there is a considerable amount of resistance just above...
Market Commentary With most of the asset classes correcting, the Dollar Index (DX) gained by more than 50 points to currently trade at 80.32. Next leg of Dollar weakness is expected only below 79.00 ranges else it...
The GBP/USD pair had a fairly quiet session on Wednesday, as it retested the lows from Tuesday but failed to stay down there. The resulting candle is somewhat of a hammer, but to use that term would...
Market Commentary The US Dollar Index is trading consistently above 79.00 ranges which have been acting as formidable support since April 2012. Next leg of Dollar weakness can be expected only on DX closing below 78.50 on...
