The GBP/USD pair attempted to continue higher on Thursday, but got old back instead in order to form a hammer. This hammer is essentially anchored at the 1.59 level, and as such it looks like we may...
The EUR/USD pair continued to March higher on Thursday, but gave back about half of the gains in order to close near the 1.2550 level.
The AUD/USD pair initially rose during the Thursday session, but it must be said that it sold off rather drastically by the end of the day. Looking at this chart, it’s easy to see that there is...
The EUR/JPY recently broke out of its ascending wedge pattern but the rally has stalled and a pull-back has occurred which could go deeper given the strength of the first leg and reach perhaps to 97.70 where...
The Euro lost against the British pound before the release of Euro Zone’s manufacturing and services data, led by Germany and France’s PMI figures.
The USD/CAD pair rose during the session on Wednesday, but pulled back after the Federal Reserve minutes were released. In that release, it looks as if the Federal Reserve members are ready to ease monetary policy if...
The AUD/USD pair had a fairly bullish session on Wednesday, but did fail to close above the 1.05 level. This level continues to force the pair lower, but there is an up trending line that is below...
The GBP/USD pair had an extremely bullish session today as the 1.58 level finally gave way. We have now broken down, and should see much higher prices. In fact, we are aiming for the 1.63 level and...
The USD/JPY pair had a massive selloff during the session on Wednesday as the Federal Reserve released its minutes from last month’s meeting. The release had shown that several of the members were seriously considering further quantitative...
The EUR/USD pair broke through the 1.25 level on Wednesday after the Federal Reserve released minutes from the July meeting. This suggested that there were several people on the board that were willing to engage in monetary...
