The EUR/USD pair rose during the session on Friday, but gave back about half the gains in order to form something along the lines of the shooting star. That being the case, looks like the market struggle...
The AUD/USD pair rose during the session on Friday, breaking the top of the hammer from the Thursday session, however you can see that we are still below the 0.95 handle, and as a result we are...
USD/JPY has recently broken below the long-term rising trend line on the 4-hour time frame, signaling that the uptrend may be over. Before heading any lower though, USD/JPY could still retrace to the broken support zone.
GBP/AUD has been moving sideways on its 4-hour chart, as it found support at 1.6900 and resistance at 1.7400.
The British Pound Sterling has enjoyed a nice and strong rally against major currency pairs. It has launched a rally which stretched over 1,500 pips over a few short months as many traders believed the UK will...
CAD/JPY’s downtrend is still very much intact, as the falling trend line connecting the price’s highs is still holding on the 1-hour time frame. The pair just made a couple of tests of the trend line earlier...
The USD/JPY pair tried to rally during the session on Tuesday, but gave back quite a bit of the gains to close just underneath the 97 handle. This of course shows that the market will struggle to...
The USD/CAD pair rose during the session on Tuesday, breaking to the 1.0370 handle during the session. However, we still have to worry about the 1.04 handle as being significant resistance, so it does make sense that...
The GBP/USD pair fell during the balance of the session on Tuesday, but as you can see found the 1.60 level to be supportive enough to send the market higher and form a nice looking hammer.
The EUR/USD pair fell initially during the session on Tuesday, but as you can see bounced enough to form a hammer and show significant signs of support. Because of this, we think that the market will see...
