The USD/CHF pair finally broke through the 0.80 level on Friday, and now begins a new leg down. Because we are in uncharted territory, this pair is likely to have reactions at major round numbers, so expect a slight bounce every...
Read MoreThe EUR/CHF continued its relentless march south on Friday, as traders ran for cover after a bad GDP number out of the USA. The pair is a safe haven, and as such – this pair gets sold in bad times. The Euro...
Read MoreThe AUD/USD pair fell on Friday, but bounced to form a hammer just at the 1.10 line. This suggests that the pair has found support at about the 1.09, just as we stated it might yesterday. Because of this, we like buying this...
Read MoreThe USD/CAD spike during the Friday session, and ran all the way up to the 0.96 area, a place that we suggested could turn out to be resistance. The pair did fall from there, but only in later trading. With the oil markets...
Read MoreThe NZD/USD has reached new all-time highs again on Friday, and the 0.88 handle is now being tested. Because of this, we feel that the pair is overextended, but we certainly wouldn’t sell it. We want to see a...
Read MoreThe EUR/USD had a very wild week as the pair basically ended up unchanged. The pair has two very unhealthy situations attached to the currencies presently. The bond issues in Europe seem to escalate, and the debt talks in...
Read MoreThe USD/JPY pair has fallen hard enough to test the exact point of intervention form the BoJ and 4 other central banks earlier this year. While the technical picture on this chart looks horrible, that very fact about the banks...
Read MoreThe USD/JPY pair fell again on Thursday, as the markets still fear the results of the debt crisis in the US. The lack of progress is hampering the ability of the Dollar to gain against the Yen as the safe haven trade is still in...
Read MoreThe USD/CHF pair continued to tread water on Thursday as the markets are seemingly focused on only one thing right now: the US debt talks. As long as this thing plays out in a stalemate, the more likely we are to see this pair...
Read MoreThe USD/CAD pair fell and then bounced from the 0.9450 level on Thursday, perhaps suggesting that we are ready to bounce even higher. The pair looks like it is trying to gain in the midst of falling energy prices, and debt...
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