The EUR/USD pair rose during the session albeit slightly on Monday. We think this market continues to go higher but should have quite a bit of resistance just above. With that, we don’t feel that it’s prudent...
The AUD/USD pair initially fell during the session on Monday, but as you can see bounced enough to form a hammer. The biggest problem with this hammer though is the fact that it’s just below the 0.90...
GBP/USD just broke below the long-term rising trend line on its 4-hour chart recently but appears ready to make a pullback before resuming its selloff. The pair has bounced off support at the 1.6300 major psychological level...
The USD/JPY pair initially fell during the session on Friday as a poor jobs report came out of the United States. However, we found enough support near the 101.50 level to bounce and form a hammer. On...
The USD/CAD pair initially dipped below the 1.10 level on Friday, but as you can see got enough pressure to the upside in order to form a hammer. This hammer of course suggests that the 1.10 level...
The GBP/USD pair has been one that we been paying attention to for several sessions now. We formed a three hammers in a row at the 1.63 level, and have now broken to the upside. We suggested...
The EUR/USD pair initially fell during the session on Friday, but as you can see bounced high enough to form a relatively strong looking hammer. Granted, it’s not a perfect hammer, but it is enough to make...
The AUD/USD pair try to rally during the session on Friday, but as you can see the 0.90 level offered far too much in the way of resistance. Although we did form a relatively weak looking candle,...
USD/JPY might be in for a bit of consolidation in the trading hours leading up to the US non-farm payrolls release. Another weak figure is expected, as cold weather conditions could weigh on the employment change figure...
The USD/JPY pair rose during the session on Thursday, bringing the top of the two previous hammers. This area was also the 50% Fibonacci retracement from the larger group, so the move higher of course was interesting....
