The GBP/USD pair fell during the session on Tuesday, but found enough strength to bounce back and form a bit of a hammer. This is normally a very strong sign, but will we would be concerned about...
The EUR/USD pair went back and forth during the session on Tuesday, essentially going nowhere by the end of the day. We formed a very neutral candle, and it appears that we are simply waiting for some...
The AUD/USD continued to rally during the Tuesday session, carving into the 1.0350 area. We did breakout, but this does show that there is underlying strength for the Australian dollar. Looking forward, we think that the market...
USD: Bullish The U.S. is set to release its retail sales report for February at 1:30 pm GMT today. The headline figure could show a 0.5% increase while the core version of the report could also show...
GBP/USD has just broken below the 1.5000 major psychological level in the past week but the pair appears prime for a retest within the day. Using the Fibonacci retracement tool on the recent swing high and swing...
USD: Neutral There are no major reports due from the U.S. or other major economies today so dollar pairs could simply move sideways for the rest of the day.
Cable has been on a downtrend for the past few weeks and has recently made a strong break below the 1.5000 major psychological support level. This confirms that the selloff is really strong and that the pair...
The USD/JPY pair had a very back and forth session on Monday, essentially going nowhere during the trading day. This came after a massive move higher on Friday, as we had broken above the 95 handle.
The USD/CAD pair fell during the session on Monday, but only slightly. We are still above the 1.0250 level, and as a result we haven’t even broken the bottom of the hammer from Friday. This hammer should...
The GBP/USD pair went back and forth during the Monday session, essentially closing unchanged. We are bounce around just above the 1.49 level, an area that could cause a bit of support as it is a “big...
