The AUD/USD pair fell significantly during the day on Friday but bounced off the 0.7670 area, showing signs that there is plenty of support. We have a lot of resistance above, but given enough time I feel...
NZDUSD failed in its last two attempts to break below the .7150 minor psychological level, creating a double bottom formation visible on its 1-hour chart. Price has yet to break above the neckline around the .7250 level...
The USD/JPY pair fell initially on Wednesday but found enough support again near the 112.50 level to turn things around and form a hammer. The hammer of course is a bullish sign and if we can break...
The US dollar initially pulled back during the day on Wednesday but found enough support at the 1.31 level to turn things around and rally. We broke above the 1.32 level during the day, and if we...
The British pound went back and forth during the day on Wednesday, testing the 1.25 level for resistance. We found that there again, but it just tells me that if we can break above there, the market...
The EUR/USD pair fell slightly during the day on Wednesday, testing the 1.05 level. That’s an area that has been supportive in the past, so it makes sense that we might bounce from here. However, I see...
The Australian dollar rallied a bit during the day on Wednesday, but found a bit of resistance at the 0.77 handle. Nonetheless, I believe that it’s only a matter of time before the Aussie continues to climb,...
EURJPY is trending lower on its 4-hour chart, moving inside a descending channel connecting the latest highs and lows of price action. The pair is bouncing off support at the moment and may be due for a...
The USD/JPY pair rallied a bit during the day on Tuesday as we continue to see support near the 112.500 level. If we can break above the top of the range I think that we will test...
The USD/CAD pair rally during the day on Tuesday, breaking above the 1.31 handle. It looks as if the markets are going to have a significant amount of push back at the 1.32 level above, so even...
