The US dollar has been very volatile against the Japanese yen during Thursday trading, but as you can see we have rallied, pulled back, formed an hourly hammer, and then rallied again. I think that if we...
The US dollar rallied significantly during the day, and then pulled back to test the lows of the session again, and then rallied again on Thursday to break above the 1.29 handle. If we can continue the...
The British pound initially rally during the day on Thursday, but then pulled back a little bit to find buyers again at the 1.3435 level. The market has since broken above the 1.35 level, only to find...
The EUR/USD pair has been very noisy during the trading session on Thursday, pulling back slightly towards the 1.1825 handle, and then shooting to the upside. It now looks likely that we are going to continue to...
The Australian dollar was very choppy during the Thursday session, reaching towards the 0.76 level a couple of times, but failing and rolling over. I currently believe that we are trying to build up enough momentum to...
USDCAD recently broke out of a long-term descending triangle pattern to signal that an uptrend is underway. Price hit resistance around the 1.2900 mark and is starting a correction to the broken triangle resistance. Applying the Fib...
EURGBP has been on the decline but could be due for a bounce once it tests the range support near the .8750 minor psychological level. Stochastic is on the move down to show that selling pressure is...
The US dollar rallied slightly against the Japanese yen during the trading session on Tuesday, reaching towards the 111.50 level. I think there is a significant amount of resistance between here and the 112 level, and it’s...
The US dollar went sideways initially on Tuesday, but then shot towards the 1.28 handle above, finally breaking out above that level slightly. Ultimately though, the market looks likely to pull back from here a bit though,...
The British pound initially tried to rally during the trading session on Tuesday, but found the area above the 1.3333 level to be a bit too expensive. Because of this, I think that the pullback to the...
