The British pound continues to find buyers every time we dip, and that’s exactly what happened on Thursday. We initially fell, and then turned around to reach towards the 1.25 handle again. This is a market that...
The EUR/USD pair continues to find support at the 1.0650 level, as we bounced enough to form a supportive candle yet again. Because of this, I believe that the currency pair is waiting for jobs number out...
The Australian dollar bounced during the day after initially falling on Thursday. This was due mainly to the 200-exponential moving average coming into play, which allow long-term traders pay attention to. Because of this, I think that...
GBPUSD has formed lower highs and higher lows on its 1-hour time frame, creating a symmetrical triangle pattern that could be due for a breakout soon. Price is currently testing the triangle support at 1.2460, still trying...
Short term Elliott Wave view in EURJPY suggests that cycle from 3/12 peak (122.89) is unfolding as a double three Elliott wave structure where Minor wave W ended at 119.28 and Minor wave X ended at 120.45....
The USD/JPY pair rallied on Wednesday, but continues to find downward pressure above. Ultimately, I believe that the market continues to reach towards the 112 level, but it may be choppy between here and there. Because of...
The USD/CAD pair initially fell during the Wednesday trading session, but turned around to form a bullish candle as the oil inventory number out of the United States was worse than expected. Ultimately, it looks as if...
The British pound rallied during the session on Wednesday, as the 1.24 level continues to offer support. Because of this, it looks as if this is a “buy on the dips” type of market, but I...
The EUR/USD pair went back and forth during the trading session on Wednesday, as we continue to stagnate near the 1.0650 handle. I think that this market is simply consolidating in a very tight range and...
The Australian dollar tried to rally on Wednesday, but struggled a bit as we ended up forming a less than impressive candle. Because of this, I believe that the market is going to be very choppy going...
