GBP/USD had a bullish day on Tuesday, proving the hammer from the Monday session to be support after all. However, with the Federal Reserve meeting and announcement coming later in the day, it is best to wait...
The USD/JPY pair fell for a significant part of the Tuesday session, only to pop higher and form a hammer. The pair is currently stuck in a down trending channel, but looks as if it is getting...
EUR/USD rose a bit on Tuesday as the best levels came off. The pair has been choppy lately to say the least, and the action continues to remain so. The trend lately has been for the Europeans...
The US dollar became more expensive amid the upcoming meeting of the
The euro gave up its recent gains against the US dollar and Japanese yen yesterday, following a combination of negative euro-zone news which led to an increase in risk aversion.
The EUR/USD pair fell most of the session on Monday, but the Americans came in and gave it a lift yet again. The resulting candle looks somewhat like a hammer, but it far too long in the...
The USD/JPY pair fell during the Monday session in order to test the 81 handle. The pair has been breaking out of a longer-term downtrend over the last few months, and as long as the 80 level...
The GBP/USD pair has been racing higher lately, and the Monday session first looked as if it was going to be the pullback most traders would have needed. However, the fall was very short-lived, and it formed...
The AUD/USD continues to looks weak overall as the slump on Monday indicates. The pair is currently suffering by less than stellar economic numbers out of Australia, and the stronger than usual US dollar.
The USD/CAD pair rose for much of the session on Monday, only to turn around and form a wicked looking shooting star. The action suggests that we are going to continue to drift around in this consolidation...
