EURJPY recently broke below support at the 133.50 minor psychological mark then dipped to a low of 131.50 before pulling back up. Applying the Fibonacci retracement tool on the latest swing high and low reveals that the...
Yesterday’s Trading: On Thursday, the euro/dollar shot upwards without updating the minimum. The fixation of profit led to a fall in the dollar rate against many pairs. I did allow for such a scenario. The dollar weakened...
The USD/JPY pair broke higher during the course of the day on Thursday, as we continue to try to break out of the recent consolidation area. Because of this, if we can break above the 121.50 level...
The USD/CAD pair fell during the day on Thursday, as the markets continue to show quite a bit of volatility. However, we have seen quite a bit of support just below, so we feel it’s only a...
The GBP/USD pair bounced enough during the session on Thursday in order to form a rather positive looking candle. However, breaking above the 1.53 level is simply smalltime in our opinion. Because of this, we have no...
The EUR/USD pair bounced at the open on Thursday, as we used the uptrend line from the longer-term ascending triangle as support, and it looks as if we are going to stay within that triangle. Because of...
The AUD/USD pair initially tried to rally during the course of the session on Thursday, but turned back around to form a somewhat negative candle. That being the case, the market should then reach towards the 0.70...
Yesterday’s Trading: The euro/dollar ended up closing down yesterday. The euro lost 160 points after the Fed published its press release. The Federal Reserve decided to leave the interest rate unchanged in a 0.0%-0.25% range. In the...
GBPJPY has started to trend higher on the short-term time frames, with a rising channel just forming on the 4-hour and 1-hour charts. Price got rejected on its latest test of the resistance and may be ready...
The USD/JPY pair initially fell during the course of the day on Wednesday but found enough support near the 120 handle the turn things back around and form a relatively bullish looking candle. With this, we believe...
