The USD/CAD pair broke down during the session on Wednesday, breaking the bottom of the shooting star that was formed on Tuesday. This move makes sense, as the pair has been far too overbought after the breakout...
The GBP/USD pair had a slightly bullish session on Wednesday as the 1.5050 level offered support yet again. The resulting candle was a hammer, which followed a shooting star from Tuesday.
The EUR/USD pair rose during the session on Wednesday as the bullish momentum picked back up in the Euro. The Italians managed to sell debt at a reasonable rate, so the immediate fear was waylaid in Europe.
The AUD/USD pair fell for the session on Wednesday, breaking down below the 1.02 level. However, you can see that the market bounced a bit, and has formed a hammer for the session.
The USD/JPY pair fell for the session on Tuesday as the “risk off” markets came back into play. The support in this pair should be rather strong, and we see the 90 handle as being crucial.
The USD/CAD currency pair rose above the 1.03 level during the session on Tuesday, but was beaten back by the sellers in order to form a perfectly shaped shooting star. With that being the case, it appears...
The GBP/USD pair fell during the session on Tuesday, as the gap has finally been filled from the weekend. The candle looks resistive, almost like a shooting star. This market looks like it is almost ready to...
The EUR/USD pair went back and forth during the session on Tuesday as the 1.30 level held up as support. However, this is neither a bullish or bearish candle, and is relatively neutral. The real question then...
The AUD/USD pair fell down to the 1.02 level on Tuesday, but as you can see by the chart that quite a bit of buying interest in the general vicinity. The 1.02 level is the bottom of...
The USD/JPY pair fell off a cliff during the session on Monday, as the gap that had initially happened at the opening completely came undone. Looking at the 94 handle as resistance is become apparent that is...
