The GBP/USD pair initially rallied during the session on Tuesday, but failed to hang onto gains and formed a shooting star. On Monday, we had formed a hammer, so this suggests quite a bit of indecisiveness to...
The EUR/USD pair fell below the bottom of the hammer from the previous day on Tuesday, and this of course is a massively bearish signal. The fact that we are closing below the lows on Monday suggests...
The AUD/USD pair initially tried to rally during the session on Tuesday, but failed and ended up closing lower. This candle is an outside candle, and as such it looks like we could be setting up for...
The USD/JPY pair fell during the session on Monday, as traders took profits. The market has been a short nearly stronger the last couple of sessions, and as such a rest or even a pullback really wouldn’t...
The USD/CAD currency pair initially rose during the session on Monday, but failed to keep its gains and formed a shooting star as a result. This shooting star is just above the 0.99 level, an area that...
The GBP/USD pair fell during the session on Monday, but got a nice bounce off of the 1.60 area in order to form a hammer. This market looks like it’s beginning to get ready to rise again,...
The EUR/USD pair fell initially during the Monday session but bounced in order to form a hammer. This hammer is at the top of a significant move higher, so it can be considered a sign of continuation.
The AUD/ USD pair fell on Monday initially, but bounced in order to form a nice-looking hammer. This hammer suggests that we are going to break through the 1.05 level, and continue higher.
The USD/JPY fell during the session on Friday, but got a bounce as this pair continues to defy gravity.
The USD/CAD pair fell on Friday as the “risk on” rally started up. However, we are still above the 0.99 handle, which of course is a fairly significant support line. As long as we are above that...
