The GBP/USD pair fell during the Friday session, but found plenty of support at the 1.60 level in order to bounce and formed a nice-looking hammer. This hammer is formed essentially where you expected to be, and...
The EUR/USD pair had a slightly positive session for the Friday trading day, bouncing off of the 1.30 level. However, we think that the 1.3150 level above should continue to be resistant, and as a result we...
The AUD/USD pair fell initially during the Friday session, but 1.04 offered plenty of support and as a result we bounced hard and close of the 1.0477 level. This candle is a massive hammer, and it does...
Economic news The dollar’s performance against the euro and the yen after the fiscal cliff deal The first week of the new year started with a last-minute agreement that saw many investors’ hearts trembling on whether the...
Speculations that US lawmakers will be unable to reach an agreement to boost the nation’s borrowing limit before the government runs out of money in the next two-months, boosted safe-haven assets yesterday.
The USD/JPY pair initially fell during the session on Thursday as the majority of the markets looked to take profit in trades that have worked out well recently. However, we bounce quite a bit and formed a...
The USD/CAD pair initially fell during the Thursday session, but bounced in order to form a slightly positive candle for the trading day. However, we are still well within the consolidation tolerances, so this move really didn’t...
The GBP/USD pair fell absolutely fell apart during the Thursday session after forming a massive shooting star on Wednesday. However, we stopped essentially at the 1.61 handle, an area that we pointed out as potential support previously.
The EUR/USD pair collapsed during the session on Thursday as the shooting star from the previous session set up this potential sell signal. We had suggested that the 1.3150 level will offer support during the session, and...
The AUD/USD pair initially broke through the 1.05 handle during the Thursday session, but got pushed back below it by the end of the day. The resulting candle is a little bit of a shooting star, and...
