The USD/CAD pair fell most of the session on Thursday, but the 0.98 handle offered enough support in order to push this pair almost to the unchanged level. The resulting candle is a hammer, and it looks...
The GBP/USD pair initially rose during the session on Thursday, but failed at the 1.62 handle as the sellers stepped in. More concerning is the fact that we closed the very bottom of the range, and the...
The EUR/USD pair initially rose during the Thursday session, but found resistance too strong at the 1.31 handle. This general vicinity looks like it’s trying to form a bit of a double top, but the pullback should...
The AUD/USD pair rose during the session on Thursday, to test the 1.04 handle. This area is the “middle” of the consolidation area that we currently see between 1.06 and the 1.02 handles.
The AUD/USD pair had an outstanding day during the Wednesday session as the 1.02 level now looks more supportive than ever. The market found its way through the 1.03 handle, and is actually approaching the 1.04 handle.
The EUR/USD pair shot straight up during the session on Tuesday as the 1.30 handle has given way completely. In fact, we managed to go through the 1.31 handle, and it looks like we are going to...
The GBP/USD pair rose during the session on Wednesday, as the bounce from the 1.60 level continued. We close towards the top of the range right around the 1.6150 handle, and as such we think that we...
The USD/CAD pair initially surged during the session on Wednesday, but was repelled at the 0.99 handle. In fact, the sellers came in so strongly that we formed a massive shooting star. This suggests to us that...
The USD/JPY pair rose again during the session on Wednesday as the market approaches the 79 handle. It is at this level that we certainly run into serious resistance, so quite frankly we are looking for sell...
The USD/JPY pair rose during the session on Monday as the buyers stepped into the marketplace. However, we are currently in the middle of a massive consolidation zone that extends from 77.50 to the 79.50 level.
