The USD/JPY pair went back and forth on Monday, as we continue to test the 30.2% Fibonacci retracement level. This is an area that should continue to offer support, and I think the support runs down to...
The GBP/USD pair initially fell on Monday but found enough support near the 1.24 level to turn things around and form a hammer. That of course is a bullish sign in the fact that we been consolidating...
The EUR/USD pair rallied on Monday, as we continue to see plenty of volatility. I believe that the 50-day exponential moving average, pictured in red on the chart, will continue to be resistance. We are in a...
The AUD/USD pair chopped around during the day on Monday, as we continue to see quite a bit of volatility. The market should then try to reach towards the 0.7750 level above, so I feel that it’s...
EURGBP has been trending lower, moving inside a descending channel connecting the latest highs and lows on the 4-hour time frame. Price is currently testing the resistance near the .8500 major psychological level and might be due...
GBPUSD sold off sharply last Friday but appears to be finding support at the bottom of its short-term range at the 1.2400 major psychological level. Stochastic is already indicating oversold conditions, which means that sellers are exhausted...
The USD/JPY pair initially tried to rally during the day on Friday, but turned around to test the 112 level. Ultimately, the market does see a significant amount of support just below, so having said that it’s...
The USD/CAD pair fell during the day on Friday, but turned around to form a hammer. Having said that, the weekly candle is a shooting star, so I think were to continue to see quite a bit...
The GBP/USD pair fell during the day on Friday, testing the 1.25 level for support. Ultimately, this is a market that should continue to find quite a bit of volatility, the 1.24 level underneath is supportive. We...
The EUR/USD pair initially tried to rally on Friday but found enough resistance to turn around and form a shooting star. This is a very bearish looking market overall, but on the weekly chart we had formed...
