The USD/JPY pair went back and forth during the session on Thursday, showing significant indecisiveness at the 97 level. This area for us is fairly supportive, but we cannot help but recognize that we have broken down...
The USD/CAD pair did very little during the session on Thursday as we await the nonfarm payroll numbers later today. This pair tends to be very volatile during that announcement, so it’s not very difficult to imagine...
The GBP/USD pair fell during the session on Thursday, reversing the recent uptrend. However, we think there is plenty of support below, and recognize the fact that the 1.60 level should be the “floor” in this market....
The EUR/USD pair tried to rally during the session on Thursday, but as you can see gave back about half of the gains for the session. This is an acute surprise though, because you have to realize...
The AUD/USD pair did very little during the session on Thursday, which of course is a much of a surprise considering that this is nonfarm payroll Friday. With that being the case, a lot of the risk...
A double top pattern has formed on GBP/USD’s short term time frame, which means that a possible reversal from the current uptrend could happen.
AUD/JPY is making a reversal pattern on its 1-hour time frame, which means that the current downtrend could be turning.
The USD/JPY pair fell during the session on Wednesday, and actually managed to break below the uptrend line of the larger symmetrical triangle. Even though this is in theory a sell signal, we feel there is support...
The USD/CAD pair went back and forth during the session on Wednesday, essentially printing a neutral candle. This is a very indecisive candle after a couple of hammers, so it appears of this market once the go...
The GBP/USD pair rose during the session on Wednesday, but did not break the top of the shooting star from Tuesday. It doesn’t really matter though, with nonfarm payroll coming so soon, we feel that this market...
