The AUD/USD pair rose during the course of the session on Friday, testing the 0.9250 level. That area caused enough resistance to form a shooting star though, and as a result for the 2nd day in a...
AUD/JPY has been forming a rising channel on its daily time frame, indicating that the longer-term uptrend is still valid. The pair is even finding support at the middle of the channel and might be headed back...
After that strong selloff in the past few trading days, NZD/USD is now finding support at the .8550 minor psychological level. This has acted as a floor for price drops in the past and might hold again....
The USD/JPY pair initially fell hard during the session on Wednesday, dipping below the significant 101 level. That level has been rather supportive over the last several weeks and as a result we were a bit surprised...
The USD/CAD pair tried to rally during the session on Wednesday, but found the 1.0950 level to be far too resistive. With that resistance, we pulled back and formed a shooting star. This shooting star suggests that...
GBP/USD pair rose during the session on Wednesday, showing real strength as we broke the top of the shooting star. We tested the 1.69 level, which of course offered a bit of resistance, but at the end...
The EUR/USD pair fell during the bulk of the session on Wednesday, with that, we feel that the market forming the hammer at this point suggests that the 1.37 level will certainly continue to offer support, and...
The AUD/USD pair fell during most of the session on Wednesday, but found enough support closer to the 0.92 handle to turn things back around and form a hammer. This hammer is sitting just that the bottom...
USDCAD broke above 1.0926 resistance, indicating that the uptrend from 1.0813 has resumed. Further rise could be expected, and the target would be at the upper line of the price channel on 4-hour chart. Support is at...
USDCHF broke above 0.8959 resistance, indicating that the uptrend from 0.8702 has resumed. Further rise could be expected, and the target would be at 0.9000 area. Support is at 0.8882, only break below this level could signal...
