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...
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,...
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....
The USD/CAD pair went back and forth during the session on Thursday, meandering around the 1.1050 level. This is an area that’s been very sideways for some time now, and as a result we think that the...
The GBP/USD pair fell below the 1.63 level for the third session in a row, and for the third session in a row turned back around and form a hammer. The three hammers in a row of...
The EUR/USD pair bounced hard from just below the 1.35 handle on Thursday, and also off of the 200 day exponential moving average. Because of this, it appears that the uptrend is ready to continue, but we...
