The EUR/USD pair did very little initially during the day on Wednesday as we awaited the FOMC statement. Ultimately, the market looks as if it is stock in some type of consolidation between the 1.1625 level on...
The Australian dollar fell initially during the day on Wednesday, but found enough support at the 0.7880 region to turn around and bounce. As we await the FOMC minutes later in the day on Wednesday, I believe...
USDCAD continues to trend lower and is moving inside a descending channel visible on the 1-hour time frame. Price is currently testing support and could be due for a pullback to the resistance once more. Stochastic is...
The US dollar initially fell on Tuesday, but found enough support to break out to the upside. On the daily chart, this broke the top of a hammer, and that of course is a very bullish sign....
The US dollar chopped around quite significantly against the Canadian dollar during the session on Tuesday, as we continue to see significant amounts of noise in the Forex markets. The 1.25 level underneath of course is a...
The British pound went sideways during the session initially on Tuesday, but found enough support at the 1.30 level to continue going higher. However, later in the day we ended up seen quite a bit of bullish...
The EUR/USD pair went sideways during the day on Tuesday, as we have been consolidating for some time. However, the market did rally during the day but then turned around at the 1.17 handle above. This is...
The Australian dollar rose during the session on Tuesday, as we continue to consolidate overall. I believe that the market is waiting for the FOMC Statement coming out today, as the Australian dollar is so highly leveraged...
USDJPY has formed lower highs and higher lows on its 4-hour time frame, trading inside a symmetrical triangle pattern. Price is currently testing support and could be due for a bounce back to resistance. The 100 SMA...
The USD/JPY pair fell initially during the day on Monday, within rallied a bit. It fell again, and then rallied again. It looks as if we are trying to make some type of stand near the 111...
