The USD/CAD pair went back and forth during the session on Wednesday, as we continue to grind away near the 1.04 handle. This area has been both support and resistance previously, and it now looks like this...
The GBP/USD pair rose during the session on Wednesday, but as you can see found quite a bit of resistance of the 1.5250 handle.
The EUR/USD pair fell during the session on Wednesday, but did bounce a little bit just below the 1.31 handle in order to form something along the lines of a hammer. This suggests to us that we...
The AUD/USD pair went back and forth during the session on Wednesday, but as you can see essentially went nowhere. We are just underneath significant resistance, so we are willing to sell on a break of the...
USD/CAD seems ready to bounce back from its recent selloffs, as the pair formed a reversal pattern on its 1-hour time frame.
AUD/USD’s rally might soon be over as the pair is finding resistance at the top of the falling channel on the 1-hour time frame. Stochastic just crossed down from the overbought region and is pointing down, suggesting...
The USD/JPY pair fell hard during the session on Tuesday, reaffirming the resistance at the 100 handle. However, this market is still a “buy only” market, simply because of the Bank of Japan and its anti-yen policies.
The USD/CAD pair fell during the session on Tuesday, slicing through the 1.04 handle again. That suggests to us that we are simply going to consolidate in this general vicinity for the short term, and as a...
The GBP/USD pair fell initially during the session on Tuesday, but as you can see bounced enough to form a green hammer by the end of the day. We think that this market is going to the...
The EUR/USD pair rose during the session on Tuesday, breaking the top of all three of the previous hammers that had been printed on the daily chart. We had suggested that the 1.30 level is going to...
