GBP/USD fell during the Friday session, but found plenty of support at the 1.60 level in order to form a hammer. This hammer suggests to us that the 1.60 level will firm up this pair, and as...
The EUR/USD pair fell during the balance of the Friday session as the US jobs number came out much stronger than anticipated. However, once the Europeans went home for the weekend, the Americans pushed this pair back...
The AUD/USD pair rose during the majority of the session on Friday, but failed to gain any significant move let alone hold onto significant gains in order to impress upon the market the validity of a breakout.
The USD/JPY pair did very little during the session on Thursday, as the markets were fairly quiet overall. We are at the top of a recent consolidation area, and as such it looks like we are trying...
The USD/CAD pair fell during the session on Thursday and even managed to break down below the 0.99 handle. However, we got a nice bounce from that area and it does look like the market is closing...
The GBP/USD pair initially rose during the session on Thursday, but found the 1.61 level far too resistive to overcome, and as a result we formed a fairly negative looking shooting star shaped candle. However, we had...
The EUR/USD pair fell rather precipitously during the Thursday session as ECB Chairman Mario Draghi suggested that there was more demand out of the ECB members for a rate cut, and that growth will be smaller than...
The AUD/USD pair spiked and managed to get above the 1.05 level during the Thursday session, but fell back down below it. This just signifies how resistive the area it really is, and as a result we...
The USD/JPY pair rose during the session and close of the very highs of the range as we continue to see significant support right around the 81.50 level in this market. However, the 82.50 level continues offer...
The USD/CAD pair fell during the session on Wednesday, but we still see significant support in the form of the 0.99 handle. This area continues act as support, and as such it’s difficult to make a trade...
