The EUR/USD pair opened on a weak note today, but eventually picked up during the European session. During the Asian session, the pair opened at 1.3627, before sliding down and settling just under the 1.3620 area. Read more >>
The weak greenback is currently struggling against a number of major currencies in today’s trading. Read more >>
The yen rallied against the greenback in today's Asian session, which was in part helped by the weaker USD. This dragged the USD/JPY pair down from above the 98.00 zone to below 97.90. Read more >>
How did other currencies fare after the greenback's rally? Check out news on the EUR/USD, AUD/USD, USD/CHF, and USD/JPY pairs here. Read more >>
The USD took a heavy beating this week after announcements from the Federal Reserve failed to encourage confidence in the still-struggling US economy. Read more >>
While the FX market takes a breather over the festive season, we thought it might be a good time to reflect on the year that was and what we might expect to see in 2012. Read more >>
USD/CHF is one of the more interesting plays out there currently, and probably one of the least known. EUR/USD originally rose during the previous week, but fell in the end. The shooting star at the bottom of a recent down move signals that perhaps we can continue to fall. The 1.26 level is key though. The USD/JPY pair is starting to show support at 76.50 again, but is simply not moving...... Play video >>
USD/CAD continues to sit above the 1.03 level, an area that we feel is the demarcation area for the next rally. USD/CHF continued to drift around on Monday, but the 0.93 level does look constructive at this point in time. The market looks like it wants to grind higher - not run. Parity still is our opinion. Play video >>
AUD/USD rose on Friday as traders bought the “risk on” trade. However, the parity level saw massive resistance. USD/CHF fell again on Friday, but the 0.93 level that was the site of a recent breakout is below and should be supportive. Because of this, we are looking for buying opportunities near that level. Play video >>
AUD/USD had a positive day on Friday, but it should be noted that it was also a bank holiday in America - where much of the gains came. . USD/CHF popped above the 0.9000 level a couple of days ago, and has now come back down to show it as support. Play video >>
The USD/CAD pair fell again on the Tuesday session as traders continue to step in and buy oil. The USD/CHF pair fell on the session as the officials of the Swiss National Bank, namely Mr. Jordan, cannot simply keep their collective foots out of their mouths. Play video >>
USD/CAD had a bearish session on Monday as traders piled into the oil markets. USD/CHF had a bullish day as SNB member Jordan came out and said that the SNB was willing to do “whatever it takes” to keep the value of the Franc down. This wasn’t anything new, so the knee-jerk reaction is probably short-lived. Play video >>
USD/CHF rose during the Friday session, but still faces the 0.9000 level as resistance. AUD/USD first fell on Friday, but the later day saw the formation of a hammer. Play video >>
AUD/USD rose straight up for the Thursday session as the EU bailout details were cheered on by the markets. The USD/CHF pair fell as well, and this shows how bad the USD is right now. The Swiss National Bank is working against the Franc at the moment. Play video >>
USD/CHF fell on Friday, and looks decidedly weak at this point. However, the Swiss National Bank is working against the Franc's appreciation. GBP/USD has absolutely exploded against the USD on Friday, but faces a serious challenge in the form of 1.60 and the 50% retrace Play video >>
USD/CAD fell hard during the week, but had a massively bullish candle on Friday. The pair moved higher, and is now above the 0.98 level, signalling a return to the consolidation area. The 0.99 area is massive resistance, and parity even more so. The pair can't be bough until we get above that parity level. The pair is a massive sell if we get below the hammer on Friday. USD/CHF formed a massive hammer on Friday, and looks like it is ready to bounce from this level. However, the weekly trend line and the 0.83 resistance area should keep a bit of a lid on the price. If we can get above the 0.83 level - this could be the start of something special to the upside. A breaking of the lows on Friday would send this pair much lower. Play video >>
USD/CHF has broken hard to the downside over the last couple of sessions, and even failed at a downtrend line on the weekly chart. The support level between 0.79 and 0.80 has to be broken to the downside to get in a selling position in this pair. Buying isn't possible until we clear 0.83 on a daily close. USD/CAD fell again on Thursday, but didn't manage to break the low on Wednesday's hammer. This shows that perhaps we are starting to see a supportive area in the neighborhood, and we are waiting until we see 0.97 give way in order to short. We don't buy until we get above the 1.0000 level. Play video >>
USD/CAD rose above the 0.98 level on Tuesday, but fell later in the day to form a shooting star-like candle. This shows just how weak the bulls are, and coincides with the oil markets that are all either on the way to breaking out to the upside, or already have in the case of a few of them. The USD/CHF pair ran to the weekly trend line, but failed. However, there is a resistance area just above this line as well that we are watching. The action isn't convincing either way at the moment, so we can only go by breakout points in this pair. A daily close above 0.83 could lead to something special on the upside in this pair. A breaking of 0.8000 is needed to start selling again. Play video >>
USD/CAD fell, and then formed a hammer from the 0.98 support level on Thursday. The candle is very bullish, and suggests that the market may not be expecting Bernanke to announce any QE3-like measures today. With the recent consolidation, we have two very clear levels - 0.98 and parity. If we can break either, that would show us the way. The USD/CHF pair has been stuck at this level (0.8000) for quite some time. With the Jackson Hole announcement coming out later, we may finally get some kind of direction. If QE3 is announced, this pair will fall as the SNB gets overwhelmed. Play video >>
The USD/JPY pair has formed a hammer on the weekly time frame as traders pushed the pair down through the 76 handle, only to back away in the end. With the Bank of Japan looking like they are ready to intervene, this is probably wise. If we can get above 77.50 - we would actually buy it. The USD/CHF pair managed to break the top of the previous week's hammer, but then just simply sat there. This shows 0.8000 to be massive resistance, and as a result could lead to more weakness when the eventual move does happen. The USD/CAD pair had a wild week, and simply seems to be a slave to the whims of the oil markets. We are watching parity and 0.98 for our next move. We think that if oil (CL) gives up the 80 USD mark to the downside, parity will be hopped over in this pair. Alternately, if the $90 mark gets broken to the upside in CL, this pair runs back towards the 0.9450 area. Play video >>
The USD/CHF pair has formed yet another tight-ranged candle on Thursday, as the 0.8000 level seems to be a bit of a cap on the SNB related bounce from the last week or so. The area is a massive psychologically important level, and as such we will see major things being decided here. The outlook for this pair is simple: wait for the large candle on the daily chart - and you will know the future direction of the pair for at least the next several handles. USD/CAD found itself rising during the session as the oil markets sold off in a harsh manner. The oil markets falling often reduce desire to own the CAD, and this chart shows that in spades. The oil markets simply must hold above the $80 mark if we are to see the downtrend continue. A break below the level could send this pair far above parity. Play video >>
The USD/CAD fell hard on Monday as the oil market rose. This pushes demand for the Loonie, and as such pushes this pair lower. The 0.98 mark is where we stopped, and it looks like an area that could give us some issues. However, the trend is down, and we like going with the trend. If this area gives way, we go much lower. Look to the $90 mark in the CL contract as your guide. The USD/CHF pair rose again as traders ran from the talk of a currency peg out of the Swiss National Bank. The 1.15 area proved too strong on Monday, and we formed a shooting star. If we break the lows of that candle form Monday, we go down to 1.10 and possibly lower. If we break the highs - we search for 1.18 and then 1.20 as well. Play video >>
The EUR/USD could potentially be a flag. A bullish one at that! This videos shows how this is being formed, the levels that we need to watch, and the potential target, which sounds really high. But hey - I can remember when the EUR/USD being at 1.20 was out of the question! The USD/CHF pair looks very strong suddenly, and the weekly hammer shows we could continue to bounce. 0.80 is certainly a real possibility as the Swiss are starting to talk about pegging the Franc to the Euro. The SNB has a meeting this week, and it could move this pair wildly. The NZD/USD looks like it is ready to push even higher. The weekly hammer shows that the demand for the Kiwi is still out there, and that the 0.80 area is a massive support level that refuses to give way so far. Play video >>
The USD/CHF barely moved on Wednesday, which we found odd as the stock markets melted down. This is out of character as a lot of the times traders will sell this pair when times are getting tough. Because of this, we feel that perhaps there is a bounce coming in this pair. We won't buy it - we will allow the pair to rise to perhaps the 0.75 level so we can sell at higher levels. A break to new lows gets us selling as well. The USD/CAD pair rose on Wednesday as the trading world sold of riskier assets. This directly effects the Loonie, and as such we went higher. The pair is already falling in early Thursday morning trading and as such we expect consolidation in this pair for a few days between the 0.99 and 0.98 areas. Until we breka above parity on a daily close - we are net sellers of this pair. Play video >>
USD/JPY fell on Monday as traders ran from anything risk related. The truth is that this pair is far too dangerous for us to trade at the moment, as the Bank of Japan is currently making it very obvious that they are willing to intervene yet again. In fact, they are currently talking to other central banks for help. The 75.55 area looks like it could be slightly supportive. We are currently staying out of this market until clarity comes back into play. The USD/CHF pair is in a bearish trend, and the recent price action doesn't change that long-running fact. The pair managed to bounce a bit during the latter hours of Monday trading, and formed a bit of a hammer. As such, it looks like 0.75 might cause a bounce - but we simply wait for that bounce to sell into it. We never buy the USD against the CHF. Play video >>
The EUR/USD has formed what could be considered a bullish flag. However, there are many issues in Europe that are managing to stay out of the headlines, such as the rates in Italy and Portugal's bonds going back to the pre-deal levels in Europe. The EUR/CHF pair is absolutely horrible looking. The pair has found itself testing 1.13, which is 1,000 pips from where it started July. This pair continues to fall, and looks like it will reach 1.10, and then probably make a run towards parity. The USD/CHF pair has finally broken the 0.80 mark, and now looks to run to 0.75 as the debt talks in DC continue to hamper the USD......add to that this pair is in a massive downtrend, and we won't be buying it anytime soon! Play video >>
USD/CHF shows signs of going lower, but there is that pesky 0.82 level that is showing that it might cause a bounce around the rectangle pattern area. The EUR/CHF shows signs of strength, but only as much as it takes to psuh it up towards our next level to sell from. Play video >>
When we look at the weekly long-term charts, we see several different things at once. Looking at the USD/CHF, it is easy to see the world is running to the Franc again. EUR/USD looksl ike it is setting up for several different moves at once, and therefore is difficult to trade. EUR/CHF looks like it is going to keep plunging, and the bottom is nowhere in sight. EUR/GBP looks like a lot of trouble waiting to happen. Play video >>
The USD/CAD fell hard on Tuesday, but still remains hostage to the oil markets....The USD/CHF fell, and is in trend. Play video >>
The USD/CAD pair has been trying to punch through the 0.9850 area for days. It has done it, and then failed every time. Because of this, it looks as if the pair cannot move until oil does it's thing. Rangebound might be the order of the day for a while. Play video >>
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