The USD/JPY pair broke higher during the course of the day on Wednesday, bouncing off of the 120 handle. However, we are still well within consolidation and of course are waiting on the FOMC’s Statement in order...
The USD/CAD pair fell during the course of the session on Wednesday, but as you can see is still within the consolidation area that we have seen for some time. Today is the FOMC Statement, and that...
The GBP/USD pair shot higher during the course of the session on Wednesday, crashing into the 1.55 handle. This is significant resistance, and then of course just above there is an uptrend line that previously was broken...
The EUR/USD pair initially fell during the day on Wednesday, but found enough support near the 1.12 level to turn things back around and form a nice-looking hammer. The hammer of course suggests that the buyers are...
The AUD/USD pair broke higher during the course of the day on Wednesday, clearing the top of the hammer that had formed on Tuesday. This suggests that the Australian dollar is going to go higher, and the...
The USD/JPY pair initially broke down below the 120 level during the course of the session on Tuesday, but found enough support below to turn things back around and form a massive hammer. Because of this, the...
The USD/CAD pair went back and forth during the day on Tuesday, but ultimately found buyers below to form a bit of a hammer. With this, we feel that the USD/CAD pair will eventually break out to...
The GBP/USD pair initially tried to rally against the course of the session on Tuesday, but broke down significantly and more importantly below the 1.54 handle. Because of this, we feel this market will continue to drift...
The EUR/USD pair fell during the course of the session on Thursday, in order to show signs of weakness. However, we think that this pullback will eventually attract traders. In the meantime, we also recognize that the...
The AUD/USD pair initially fell during the course of the session on Tuesday, but found enough support to turn things back around to form a hammer. The hammer of course suggests that the market should continue to...
