The GBP/USD pair fell during the session on Thursday, reversing the recent uptrend. However, we think there is plenty of support below, and recognize the fact that the 1.60 level should be the “floor” in this market....
The EUR/USD pair tried to rally during the session on Thursday, but as you can see gave back about half of the gains for the session. This is an acute surprise though, because you have to realize...
The AUD/USD pair did very little during the session on Thursday, which of course is a much of a surprise considering that this is nonfarm payroll Friday. With that being the case, a lot of the risk...
The USD/JPY pair fell during the session on Wednesday, and actually managed to break below the uptrend line of the larger symmetrical triangle. Even though this is in theory a sell signal, we feel there is support...
The USD/CAD pair went back and forth during the session on Wednesday, essentially printing a neutral candle. This is a very indecisive candle after a couple of hammers, so it appears of this market once the go...
The GBP/USD pair rose during the session on Wednesday, but did not break the top of the shooting star from Tuesday. It doesn’t really matter though, with nonfarm payroll coming so soon, we feel that this market...
The EUR/USD pair rose during the session after initially falling on Wednesday, bouncing off the 1.35 handle again. The market actually broke above the top of the shooting star for the Tuesday session, which of course shows...
The AUD/USD pair fell during the balance of the session on Wednesday, but as you can see bounced enough to form a hammer. We believe this is a signal of where the market “wants” to go, but...
The USD/JPY pair fell during the session on Tuesday, but as you can see respected the bottom part of the triangle that we have been talking about the last couple of sessions. Because of this, we feel...
The USD/CAD pair fell during the bulk of the session on Tuesday, but as you can see found enough support near the 1.03 handle in order to bounce and form a nice looking hammer. This hammer of...
