EURUSD broke above 1.3451 resistance, suggesting that the uptrend from 1.2756 has resumed. Further rise could be expected, and next target would be at 1.3750 area. Support is now located at the upward trend line on daily...
The USD/JPY pair tried to rally during the Friday session, but pulled bank and formed a shooting star. This shooting star signifies to us that we are about to continue to consolidate, and therefore a little bit...
The USD/CAD pair rose during the session on Friday, but still looks very vulnerable to the downside. At this moment time though, we do recognize the fact that the weekly candle is a bit of a hammer,...
The GBP/USD pair went back and forth during the session on Friday, essentially printing a neutral candle. This neutral candle of course is sitting on top of the 1.60 handle, so it is possible that this could...
The EUR/USD pair did almost nothing during the session on Friday, but once it fell slightly, you can see that the market did bounce enough to form a little bit of a hammer.
The AUD/USD pair fell during the session on Friday, but bounced a little bit in order to form a hammer like candle. Because of this, look like the markets going to try and break back to the...
USD/CAD had a sharp drop followed by a quick retracement yesterday, as the FOMC statement against tapering triggered overall dollar weakness. The pair is currently finding resistance at the 61.8% Fib on the 1-hour time frame.
The USD/JPY pair shot straight through the roof during the session on Thursday, going much higher. The 99.50 level did offer a bit of resistance, we think this market has shown that once the go higher, and...
The USD/CAD pair fell during the session on Thursday, but found enough support near the 1.0 180 level in order to form a nice looking hammer. This hammer of course Sims the market back higher on a...
The GBP/USD pair fell hard during the session on Thursday, but remained above the 1.60 handle in order to show signs of life still. We think that there will be support just below, and as a result...
