The USD/CAD pair had a strong showing during the session on Wednesday as the Bank of Canada issued a very dovish statement. However, you can see that we did not break above the recent highs of the...
The GBP/USD pair fell below the 1.50 level during the session on Wednesday, which of course is a significant support level. We believe that this level will open the way for a much lower exchange rate in...
The EUR/USD pair had a very negative showing during the Wednesday session again, closing well below the 1.30 level. Also, as you can see on the chart we are decidedly below the 200 day exponential moving average,...
During the Wednesday session, the AUD/USD pair completely reversed what was once very bullish momentum, and now has to be looked at with suspicion. This market had bounced off of a very significant looking hammer at the...
The USD/JPY pair barely moved during the session on Monday, as the market simply sat still. In fact, none of the yen related pairs did much, so this of course would never been much of a surprise....
The USD/CAD pair attempted to rally during the session on Monday, but as you can see by the chart failed to do so. The resulting candle is a bit of the shooting star, and it is the...
The GBP/USD pair had a strong showing on Monday, as the 1.50 level has offered support yet again. Whether or not this could be some type of unwinding of the short sell is a completely different question,...
The EUR/USD pair fell below the 1.30 level again on Monday, but just as it was on Friday, the market could not hold below that level. It is because of this that we are starting to think...
The AUD/USD pair fell during most of the session on Monday, but as you can see bounced in order to form a perfect hammer. In fact, what’s so interesting about this is that the technical buy signal...
The USD/JPY pair shot straight up during the Friday session as the couple of hammers that had formed previously proved their worth. We did breakout though, as it was simply a return to the middle of consolidation,...
