The USD/JPY pair fell slightly during the session on very little motion one way or the other during the Tuesday session. The pair is essentially in “No Man’s Land” as the 78 level and the 80 level...
The GBP/USD pair fell for much of the Tuesday session, only to bounce again and form a hammer at the 1.57 level. The area has been support previously, and the market should be support now. The hammer...
The AUD/USD pair shot up on Tuesday as the “risk on” trade came back into play. The Aussie is often used as a proxy for global growth, and with the Federal Reserve meeting ending today; there is...
The USD/CAD pair fell on Tuesday as the 1.02 level gave way. The breaking of the bottom of Monday’s shooting star signaled to the markets that this pair is going to want to continue to fall. The...
The EUR/USD pair fell hard during the session on Monday as the result of the Greek election only provided a short-term boost to the currency. It is becoming obvious to market participants that there are many other...
The USD/JPY pair did very little during the session on Friday as the markets are stuck between the 78 and 80 levels. The market is still a “buy only” for us, and because of this we are...
The GBP/USD fell for most of the session on Monday, only to bounce again. The candle isn’t quite a hammer, but suggests the same thing – that there are people willing to step in and buy the...
The AUD/USD pair fell for most of the session on Monday, only to turn around and bounce hard to form a hammer. The market is currently hanging around the 1.02 level and the 61.8% Fibonacci level as...
The USD/CAD pair rose during the session on Monday, filling the gap and more from the Monday open. The candle looks a bit odd though, as the top of it is now a nice wick. This means...
The USD/JPY pair fell for the session on Thursday as the pair is essentially stuck between the 0.79 and 0.8050 levels, and is simply looking for some kind of direction to follow. The Bank of Japan is...
