The USD/JPY pair had a negative showing during the session as we went back and forth on Wednesday, hugging the 93 handle. The hammer candle from the Tuesday session suggested that we have support in this general...
The USD/CAD pair initially fell during the session on Wednesday, but as you can see bounced enough to form a bit of a hammer. This hammer suggests that we are going to see continued support just below,...
The GBP/USD pair had a bit of a neutral day with a slightly higher close as the 1.51 level offered support yet again. This area has been very strong lately, and it appears the market is trying...
The EUR/USD pair initially fell during the session on Wednesday, but as you can see by the charts we managed to bounce enough to form a hammer. This looks like a market that’s trying to form a...
The AUD/USD pair surged initially during the session on Wednesday, but as you can see failed at the 1.05 level again. This has formed a little bit of a double top in the short term, and the...
After making a strong selloff from the 1.5250 minor psychological resistance and previous week highs, GBP/USD found support around the 1.5100 major psychological level. The pair appears to be retracing, thanks to the recent disappointments in U.S....
The recently released manufacturing PMI for the United Kingdom sparked a massive selloff for the pound as the actual figure missed expectations. Take note that the BOE is currently watching business surveys very closely before they make...
The USD/JPY pair fell for the session on Tuesday as the downward pressure continued. However, by the end of the session we saw a significant bounce and as a result formed a nice looking hammer at the...
The USD/CAD pair fell during the session on Tuesday, but managed to bounce enough from the bottom of the session in order to form a hammer. This hammer is suggestive of support below, and we do think...
The GBP/USD pair fell dramatically during the session on Tuesday, parking at the 1.51 level. This candle is very negative, and closes at the very bottom of the day’s range.
