The EUR/USD pair went back and forth in a fairly wide range during the session on Thursday in order to print a neutral candle. This neutral candle doesn’t exactly inspire confidence in one direction or the other,...
The AUD/USD pair fell hard during the session initially on Thursday, but found enough support just above the 0.89 level in order to bounce higher and form a nice-looking hammer. This hammer is essentially based on the...
USD/CHF is currently testing a major support level, as can be seen on the longer-term time frames. This is in line with the .8900 major psychological level which has held for the past few months. Stochastic...
The USD/JPY pair initially fell during the session on Wednesday, but found enough support down near the 102 level to bounce and form a hammer. This hammer shows that the market is still trying to fight in...
The USD/CAD pair initially fell during the session on Wednesday, but as you can see found enough support to turn things back around and shoot straight through the 1.10 level. Because of this, we initiated long positions...
The cable pair went back and forth during the session on Wednesday, printing a neutral candle. The fact that we had a fairly wide range for the session and couldn’t really decide anything suggests to us that...
The EUR/USD pair fell during the session on Wednesday, retracing back some of the gains from the Tuesday session. It was in this area that we and anticipated the market would struggle, and quite frankly we would...
The AUD/USD pair initially rallied during the session on Wednesday, but found the area above to be far too resistive yet again. This is the second shooting star in a row, and as a result we feel...
The British Pound tumbled today as economic reports out of the UK surprised forex traders who were counting on better data. Minutes from the last Monetary Policy Committee, or MPC, from the Bank of England also suggested...
Thanks to the recent upward revision in the BOE’s growth and inflation forecasts, combined with the BOJ’s easing bias, GBP/JPY has been climbing up the charts and trading above a rising trend line on the 1-hour time...
