The USD/JPY pair rallied on Wednesday, as we continue to see quite a bit of bullish pressure. The 115 level underneath should offer “a bit of a floor” in this market. I think that we are eventually...
The USD/CAD pair initially went higher on Wednesday, but turned around to form a shooting star. This is not a surprise, as we have the Crude Oil Inventories announcement coming out today, so that will obviously influence...
The GBP/USD pair fell again on Wednesday, as we continue to see bearish pressure against the British pound. Any rally at this point in time should be an opportunity to start selling, as the berries pressure has...
The EUR/USD pair initially went higher at the open on Wednesday, but continues to find the 1.05 level to be resistive enough to continue the downtrend. I believe that we will break below the 1.03 level, and...
The AUD/USD pair had a volatile session on Wednesday as we tried to rally, but gave up most of the gains. Ultimately, we ended up forming a shooting star like candle, and that means that we could...
EURCAD recently broke below the support around the 1.4350 minor psychological level and reached a low of 1.3800 before pulling back up. Applying the Fib tool on the latest swing high and low shows that the 38.2%...
The USD/JPY pair bounced off the 117 level to continue the uptrend on Tuesday as traders came back from the Christmas holiday. We have broken the downtrend line of a descending triangle, so this shows that there...
The USD/CAD pair rallied on Tuesday as traders came back to work. The 1.35 level now looks to act as supportive, and therefore think short-term pullbacks will be buying opportunities is a market looks to break out...
The USD/GBP pair fell slightly on Tuesday as we came back from Christmas celebrations. The 1.2250 level offered a little bit of support, but I believe that this is at best “soft support”, meaning that any balance...
The EUR/USD pair had a quiet session on Tuesday as traders are just returning from the Christmas holidays. This is a market that should continue to see resistance on the 1.05 level above, an area that was...
