The AUD/USD went back and forth during the session on Tuesday but failed to get over the 0.95 handle as one would expect. That resistance of course cause a lot of blockades, and we fully expect the...
AUD/USD could be in for a decline today as the .9450 minor psychological level has been holding well as resistance so far. A drop could last until the recent support around the .9350 minor psychological level.
The USD/JPY pair fell again during the session on Monday, breaking the back of the Friday hammer in order to close below the 97 level. This does suggest that we are going to go lower, but we...
The USD/CAD pair tried to rally during the session on Monday, but gave back most of the gains. We seem mired in some type of stagnant situation around the 1.03 handle, and as a result we are...
The GBP/USD pair rose during the session on Monday, bouncing off the 1.60 handle, and showing that the area is in fact supportive. We had suggested previously that this area might be a great place to buy...
The EUR/USD pair went back and forth during the session on Monday, essentially going nowhere by the time the day was finished. The resulting candle is a neutral, but you could make a little bit of an...
The AUD/USD pair struggled during the session on Monday, dipping below the 0.94 handle at one point in time, but as you can see bounced enough to form a hammer. This hammer suggests that the market will...
We are not advocating Martingale strategies. But rather, we respect the Martingale concept and believe it has its place in a trader’s portfolio. The following tips seek to reduce the overall risk and increase the overall success...
GBP/USD suffered a sharp selloff on Friday but it appears that the longer-term uptrend is still intact, as evidenced by the rising channel on the 4-hour time frame.
USDCAD’s rise from 1.0182 extended to as high as 1.0356. As long as 1.0380 resistance holds, the rise could be treated as consolidation of the downtrend from 1.0568, another fall towards 1.0000 is still possible.
