The USD/CAD pair initially fell during the day on Wednesday, but found more than enough support as the 1.35 level is now offering support. It was previous resistance, so this goes well with common technical analysis theories,...
The GBP/USD pair broke higher during the course of the day on Wednesday as we used of the 1.50 level as a bit of a springboard. We broke above the top of the hammer from the previous...
The EUR/USD pair rose during the course of the session on Wednesday, slamming into the 1.10 level. There is a significant amount of noise just above though, so we are actually going to be very patient and...
The AUD/USD pair went back and forth during the day on Wednesday, but pierced below the bottom of the hammer from Tuesday which of course is a fairly negative sign. Nonetheless, we are not sellers until we...
After being stuck inside a range for quite some time, USDJPY finally picked a direction and broke to the downside. This suggests that further losses might be in the cards for this pair. The range is approximately...
The USD/JPY pair initially fell during the day on Tuesday, but bounced slightly form a bit of a hammer. Ultimately though, we are still very much in the previous consolidation area, so it’s a bit difficult to...
The USD/CAD pair broke higher during the course of the session on Tuesday, clearing the 1.35 handle. The fact that we are broken above there signifies that the market is ready to go higher given enough time,...
The GBP/USD pair initially fell during the day here on Tuesday, but found enough support below the 1.50 level to turn things back around and form a relatively positive looking hammer. The question now is whether or...
The EUR/USD pair broke higher during the course of the day on Tuesday, breaking the top of the hammer that had formed on Monday. However, we see quite a bit of resistance above so even though this...
The AUD/USD pair fell during the day on Tuesday, but found enough support below to turn things around and form a candle that looks suspiciously like a hammer. With this being the case, I break above the...
