The USD/CAD pair had a bullish day on Wednesday, tying in with the oil markets falling. The pair has been dictated by the CL contract lately, as it does from time to time. The pair looks like a bounce could come, but the trend...
Read MoreThe USD/CHF pair had a quiet day Wednesday, finishing basically unchanged as the market is currently sitting just above the 0.80 level. The pair is extraordinarily weak, and this chart does nothing to dispute that trend. We know...
Read MoreThe NZD/USD pair fell on Wednesday, forming a shooting star at the end of the day. This signals a very likely fall from this level, but the pair is so strong that we don’t like selling it. The real signal to sell will be...
Read MoreThe EUR/CHF pair fell again on Wednesday, and retested the 1.15 level as support. The level could be important as it is a large psychological number, but the pair has already broken through it previously, so a move lower...
Read MoreThe AUD/USD fell hard in the American session after originally rising during the Asian session. The pair is sitting over the 1.10 level, and even formed a hammer on the 4 hour chart at that level. This of course is positive, but...
Read MoreThe USD/CAD pair rose back on Wednesday after falling to the lowest level since November 2007 on Tuesday, as the U.S. dollar gained back momentum against major currencies, albeit U.S. lawmakers continue to debate over a deal to...
Read MoreStock markets extended their drop on Wednesday amid rising concerns that U.S. lawmakers will fail to reach an agreement to raise the debt ceiling and reduce the deficit with less than one week remaining before an August 2,...
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