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The USD/CHF continues it's march south as the recent trend line holds, and various moving averages are showing the serious down trend as well. The pair looks bearish, and it makes sense as the world runs for cover in uncertain times - buying the Franc. The AUD/USD has formed a nice hammer at the 1.05 support area. The pair could continue its fall, but the reality is that it is still in an uptrend no matter how you slice it. Because of this, we are looking for buying opportunities. Play video >>
The EUR/USD managed a bounce on Tuesday, but continues to look heavy. The stock markets fell late in trading during the US session, and this pair has been tracking the S&P500 recently. Because of this, it is going to be hard to buy this pair. A break of 1.40 is seriously bearish. The EUR/CHF pair looks horrible. The hammer made on Monday is followed by a red candle, and it looks as if the market wants to test the resolve of the 1.24 mark after all. Play video >>
The AUD/USD bounces from the all-important 1.05 area, but still looks weak. The highs are getting lower, and it seems that we may try and find the 1.02 level before its all over. The AUD/NZD pair bounced from the 1.32 support line, and looks like a pair that wants to consolidate. If we fall below that 1.32 area - watch out below. Play video >>
The GBP/USD keeps falling, and it looks as if the market wants to retest the 1.60 level, an area that has been extremely important in the past. This area will decide the intermediate direction for the cable as it is lining up as a "battlefront" of sorts for the pair. The GBP/JPY is fighting, and the central banks are waiting below to push prices higher. Perhaps this is why we formed a hammer on Monday - the traders know better? Play video >>
The EUR/USD broke down past the important 1.40 area on Monday, but did manage to pop above the level - forming a bullish hammer. The pair looks like it could bounce, but the pressure is tremendous on the downside. If the area breaks down - this will send the trend downward again. The EUR/CHF made all-time lows on Monday, but managed a perfectly-shaped hammer just under that level. This pair is decidedly bearish, and rallies have been selling opportunities over the last few years. It looks like the market may get ready to offer more. Play video >>
The NZD/USD has reached and failed at a resistance area that currently signals the top of the currently consolidation. It looks as if the 0.78 and 0.80 areas have this pair trapped for the time being. The AUD/USD looks very bullish in general, but Friday's candle was a doji - showing that it might get choppy for a little bit. The pair looks like it will eventually rise in price due to the trend, the support at 1.05 and 1.02 areas as well. Also, a potential bull flag is being formed that could send us to 1.20! Play video >>
The EUR/CHF pair looks horrible as we are knocking on the door of all-time lows. In fact, during Friday's session we came within 2 pips of it. A breakdown is a real threat now. The EUR/GBP fell hard, and is looking to fall farther, if it can get through the support level it is currently sitting on. Play video >>
The EUR/USD has significant selling pressure on it at the moment, and is barely hanging on at the 1.42-1.40 area. The EUR/CHF looks absolutely horrible, and like it is ready for an absolute breakdown. This could open the door down to 1.16 or so. The AUD/USD looks to continue the bull run as the 1.05 has held up, and the trend is so strong in this pair. Rising gold prices help this pair as well. The USD/JPY has carved out a potential bottom, and the central banks are waiting somewhere below the 80 level. Play video >>
The AUD/NZD is currently the poster child of a scalper's market as we are currently stuck between 1.32 and 1.37/1.38 since the buyers and sellers have recently found some kind of balance. The NZD/USD is an even better scalper's market, and should provide plenty of opportunities for short-term trades as the spread is normally better, and the boundaries are even clearer - 0.78 and 0.80. Play video >>
The EUR/USD is currently confirming the 1.42 as being a supportive area for the pair. The uptrend looks to be intact, as the selling pressure has abated. The 1.44-1.45 level could provide choppiness, but has been overcome recently as well. The bulls seem to be in control. The EUR/CHF market is absolutely different, as the EUR is struggling against the CHF, even though we have seen a small bounce. Notice how bounces keep failing. This continues the downward pressure on the pair. Play video >>
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