The GBP/USD pair fell hard on Monday as traders failed to break above the 1.65 level. This area has been identified by us as a potentially major resistance area, and as such – we were ready. The level will continue to...
Read MoreThe USD/CHF pair fell hard on Monday as the US stock exchanges fell. The pair did manage to bounce however, and as such – is forming a candle that looks somewhat like a hammer. This shows that although there is a...
Read MoreEUR/CHF absolutely fell apart on Monday as traders piled into the Franc. The pair even came close to challenging the 1.10 mark, which we had suggested it would target recently. (We didn’t however; think that it was going...
Read MoreThe AUD/USD continues to struggle with the idea of the 1.10 handle on Monday, making trading this pair an extremely choppy situation lately. The pair has found support in general, but it simply cannot gain traction at these...
Read MoreThe USD/CAD had a bullish day on Monday as the oil markets went back and forth. The pair looks like it is trying to bounce, and that would make sense as the market has fallen so hard over the last several months, and the 0.9450...
Read MoreThe NZD/USD pair fell on Monday as the world is trying to figure out how to trade around the debt limit situation in America. It should be noted that the stock markets sold off in the US after originally suggesting a gain in the...
Read MoreThe USD/CAD pair rose on Monday as pessimism spread through markets after the ISM manufacturing was released from the United States for July, as the ISM manufacturing slowed to 50.9 well below expectations, which spread concerns...
Read MoreThe EUR/USD pair fell, and then rose on Friday, as traders really don’t which side of the Atlantic is worse right now. Because of this, the pair will be choppy at best. However, if the markets get a deal out...
Read MoreThe USD/JPY fell apart on Friday as the US GDP numbers came out poorly, and the Congress is still failing to come to any kind of consensus as to what to do about the debt limit talks. The USD is getting punished all over, and...
Read MoreThe GBP/USD pair rose again on Friday as lawmakers in the US simply cannot come to an agreement involving the US debt ceiling and national deficit. The longer this continues, the more likely we are to see weakness in the USD....
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