NZD/USD is forming a rising channel on its 1-hour time frame, after having bounced off the bottom near the .8200 major psychological support. The pair has moved past the middle of the channel after the New Zealand...
The USD/JPY pair initially fell during the session on Monday, but found enough support in the area of the 104 handle that we saw a hammer form, suggesting of course of the market is going to continue...
The USD/CAD pair initially fell during the session on Monday, but as you can see bounced towards the end of the day in order to form a hammer. This hammer of course suggests bullishness, but we still...
The GBP/USD pair went back and forth during the session on Monday, essentially settling nothing. However, we believe that this pair has an upward tilt to it, and as a result we believe that buying this pair...
The EUR/USD pair fell all the to down to the 1.35 handle during the session on Monday, but found enough support in order to bounce back above the 1.3550 level, and thereby showing a rather supportive candle....
The AUD/USD pair rose during the session on Monday, but as you can see found the 0.88 level as resistance. This makes sense to us, as it was previous support, and thereby has been “retested.” Because of...
An oversold market, thin trading conditions and good economic data from China helped drive the AUD/USD higher on Monday. With the U.S. on bank holiday, the major players were out of the market, allowing counter-trend buyers to...
USD/JPY has confirmed the potential downtrend, after it made a retest of the broken trend line support last week. This could mean that further losses are in the cards for the pair. Take note though that stochastic...
USDCAD moved sideways in a narrow range between 1.0905 and 1.0991. Key support is now at 1.0905, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...
USDCHF broke above 0.9126 resistance and reached as high as 0.9132, suggesting that the uptrend from 0.8799 has resumed. Further rise could be expected in a couple of days, and next target would be at 0.9250 area....
