GBP/USD had a fairly quiet session on Tuesday as the market seems a bit “toppy” here. Looking at this recent rally is obvious that the market is overextended. We actually preferred to see a pullback to the...
The AUD/USD pair fell during most of the session during the Tuesday trading day, but formed a nice hammer after it bounced and later hours. This suggests that perhaps the 1.04 level will be supportive, and we...
The USD/CAD pair fell during the session on Tuesday as the rally stalled. We still see the 0.98 level as an area that the buyers what have to overcome in order to even remotely convince anyone, and...
The USD/JPY pair rose during the session on Monday as the rally continued. We approached the 79 handle again, but failed at the end of the session to close above it. We do think that this market...
The USD/CAD pair rose during the session on Monday as the market took a bit of a breather. We have recently broken down below the 0.98 handle, and as such that area should be resistance now.
The GBP/USD pair formed a shooting star the end of the session on Monday as we approach the 1.63 handle. This was the target from the ascending triangle breakout that we saw a month ago, and it...
The EUR/USD pair had a very volatile session on Monday, but a fairly tight range. It looks like the 1.31 level is going to be somewhat resistant, but let’s be honest here: this pair is way overextended.
The AUD/USD pair fell during the session on Monday, even getting below the 1.05 level. We are currently at the top of the market range, and it should be noted that the shooting star that formed on...
The USD/JPY pair rose like a rocket during the Friday session as the market cleared the 78 handle without much resistance. This is interesting as it should have been very resistive been that it was so supportive...
The USD/CAD pair formed a hammer on the Friday session as the 0.97 level offered a bit of support. This was somewhat counterintuitive, but more than likely it had to do with traders not willing to hold...
