The British pound has fallen rather precipitously during the trading session on Wednesday, reaching below the 1.38 handle. There is a significant uptrend line underneath though, and I think it will eventually pick this market out. In...
The EUR/USD pair has drifted a bit lower during the trading session on Wednesday, breaking down below the 1.2250 level, and reaching towards the 1.22 handle. There is a significant amount of support down to the 1.21...
The Australian dollar initially rally during the trading session on Wednesday, reaching towards the 0.7825 handle. We have fallen since then, and it looks as if we are going to consolidate around the 0.78 handle. I believe...
USDCAD is forming another major reversal pattern, this time on its daily time frame. Price has yet to test the neckline around the 1.2900 major psychological level and break above it to confirm the potential uptrend. The...
The US dollar has rallied during the trading session on Tuesday, reaching towards the 107 handle. Ultimately, the market has a lot of resistance between here and the 107.50 level above. If we can break above there,...
The US dollar has rallied significantly during the trading session on Tuesday, reaching towards the significant 1.2750 level above. That’s an area that is important, as it has offered resistance in the past. If we can continue...
The British pound fell significantly during the trading session on Tuesday, reaching down towards the 1.39 level. The 1.39 level has been supportive in the past, so a bounce from here would be expected. I also believe...
The EUR/USD pair has fallen during the trading session on Tuesday, reaching down towards the 1.2250 level underneath, which has offered support a couple of times already, so it makes sense that we will continue to see...
The Australian dollar has drifted a little bit lower during the trading session on Tuesday, reaching down towards the 0.7825 handle. I think that bouncing from that level shows that there are plenty of buyers underneath, especially...
GBPUSD has formed lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing support and might be due for a bounce soon. Stochastic is on the move up...
