The AUD/USD pair initially rose during the session on Friday, but found too much resistance of the 0.90 level in order to fall back and form a negative candle. This negative candle is testing the bottom of...
The USD/JPY pair fell initially during the session on Thursday, but as we have seen more than once, the 102 level has offered support. It now appears that this market is ready to start going higher, but...
The USD/CAD pair tried to rally during the session on Thursday, but found too much resistance and ended up forming a shooting star. The shooting star isn’t much of a candle though, and as a result we...
The GBP/USD pair fell during the session on Thursday, only to turn back around and form a hammer for the second day in a row. In fact, three of the last four sessions have formed hammers, and...
The EUR/USD pair initially fell during the session on Thursday, but found enough support below the 1.3650 level to form a decent looking hammer. However, there is so much noise above that we feel that this market...
The AUD/USD pair fell hard during the session initially on Thursday, but as you can see we bounced enough to form a nice-looking hammer. In fact, this hammer does not exist in a vacuum, as most of...
There has been plenty of talk about the European Central Bank and its next steps as more and more signs point to deflationary pressures in several member countries including Spain and Germany. Overall the economic recovery in...
The USD/JPY pair rose during the session on Wednesday, continuing to grind sideways as we continue to build a bit of a base down in this general vicinity. If we can get above the 103 level though,...
The USD/CAD pair when higher during the session on Wednesday, breaking above the 1.11 level. However, we have not broken above the 1.12 level, so we are still in the consolidation area that we have been in...
The GBP/USD pair went back and forth during the session on Wednesday, but ended up going nowhere by the time the market closed. The resulting candle suggests that what we had anticipated during the previous two sessions,...
