The Australian dollar tried to rally during most of the session on Monday, but ran into a buzz saw of resistance near the 0.7850 level, and then pulled back to test the vinyl 0.78 handle. This is...
GBPAUD has been trending lower, moving inside a descending channel on its 4-hour chart. Price is currently testing the resistance at 1.6900, still deciding whether to make a bounce or a break. A bounce could take it...
Bitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings...
Yen bears came out in full force after the elections in Japan over the weekend, causing USD/JPY to break past the descending triangle resistance. This chart pattern is approximately a thousand pips tall so the resulting uptrend...
The US dollar rallied against the Japanese yen during the trading session on Friday, as the finalists for the Federal Reserve Chairman all seem to be hawkish. Because of that, it’s likely that the market will continue...
The US dollar initially trying to bounce around the 1.25 handle, but eventually saw a massive amount of bullish pressure to reach towards the 1.26 handle. We did break above there, and that is a very bullish...
The British pound rallied during the day after initially falling on Friday, as we had first tested the 1.31 handle for support, founded, and then rallied towards the 1.32 handle above. I believe that the 1.3250 level...
The EUR/USD pair broke down significantly during the day on Friday, driving down towards the 1.1775 handle. The US looks likely to have a reasonably hawkish Federal Reserve Chairman going into the future, and it makes sense...
The Australian dollar got hammered during the Friday trading session, dropping almost immediately, rallying a bit, and then breaking down again as the Americans came on board. Most of this would’ve been due to the finalists in...
GBPAUD recently dropped below the descending triangle support at 1.6800, signaling that further losses are in the cards. Price bounced off the 1.6700 area and might be due for a correction to the broken support. Applying the...
