GBPUSD is starting a downtrend on its short-term time frames, as a descending channel is forming on its 1-hour forex chart. The pair just bounced off the channel support at the 1.5100 major psychological level and might...
The USD/JPY pair initially fell during the course of the session on Thursday, but turned back around to form a little bit of a hammer. That being the case, the hammer sits just below the 120 handle,...
The USD/CAD pair fell significantly during the day on Thursday, testing the 1.30 level. However, this is a huge supportive level for the market, and as a result we believe that a buying opportunity could present itself...
The GBP/USD pair went back and forth during the course of the session on Thursday, forming a relatively neutral candle, but we did have quite a bit of volatility during the day, which of course means that...
The EUR/USD pair went back and forth during the course of the session on Thursday, as we continue to look very volatile. That being the case, the market continues to be very difficult to trade overall, as...
The AUD/USD pair broke higher during the course of the session on Thursday, testing the top of the shooting star from the Wednesday session. The 0.7250 level above is resistance, so we are waiting to see whether...
EURUSD is slowly grinding higher moving inside a rising wedge formation on its 1-hour time frame. A breakout in either direction could lead to a 200-pip move, which is the same size as the wedge pattern. ...
The USD/JPY pair did very little during the course of the day on Wednesday, as we continue to hang about the 120 level. This is the level that has been attracting traders for some time, and as...
The USD/CAD pair initially broke down during the course of the day on Wednesday, slicing through the 1.30 level. This is an area that we have been talking about for some time as being vital, and with...
The GBP/USD pair broke higher during the course of the session on Wednesday, as we continue to grind our way to higher levels. Now that we have touched and broken above the 1.53 level, we feel that...
