The USD/CAD pair had a negative session on Tuesday, almost erasing the gains from Monday. However, we sit just above a significant amount of support, and as a result we don’t see a clear path lower.
The GBP/USD pair fell again during the session on Tuesday, after initially trying to breakout and above the 1.58 handle. The reverse was pretty wicked, and as a result the candle looks absolutely horrible.
The EUR/USD pair dipped below the 1.35 handle during the session on Tuesday, but bounced back in order to close just under 1.36 as the buyers stepped in and defended the 1.35 handle after all.
The AUD/USD pair fell during the session on Tuesday, closing underneath the 1.04 level again. However, we did start to see a bounce in the pair at the same levels we have seen over the last couple...
The USD/JPY pair fell during the session on Monday, after initially breaking higher. The pair is overextended by anybody’s measure at this point in time, so a pullback really isn’t too far out of the normal stretch...
The USD/CAD pair fell during the Monday session, but found plenty of support at the 0.9950 level in order to bounce and form a hammer or the daily candle. This hammer suggests that we are going to...
The GBP/USD pair rose during the session on Monday, as the 1.57 level continues offer support. However, right now we look at this market as one that is simply consolidating somewhere between 1.57 and 1.59, and because...
The EUR/USD pair fell hard during the Monday session, crashing into the 1.35 level. This level was the neckline of a massive inverted head and shoulders, so we do believe that quite a bit of support should...
The AUD/USD pair initially dipped during the session on Monday, but found support at the 1.04 level yet again in order to form a little bit of a hammer.
The USD/JPY pair shot straight up on Friday again as the nonfarm payroll numbers came out as expected in the United States. This market continues in bullish run, and there’s definitely nothing that looks like resistance in...
