The EUR/USD pair broke down on Tuesday, as the 1.0750 level offered quite a bit of resistance. The market formed a very negative looking candle, and we are now testing the bottom of the 50-day exponential moving...
The Australian dollar fell a bit during the session on Tuesday, testing the 0.76 level underneath. We found a bit of support there, and the market bounced enough to show signs of volatility. I believe longer-term the...
USDCAD has formed lower highs and lower lows recently, creating a falling wedge chart pattern visible on the 4-hour chart. Price is currently testing the wedge resistance and may be due for a move back to support....
The USD/JPY pair went back and forth on Monday, just below the 112.50 level. The 112 level continues to offer support, and I believe that the support extends all the way down to the 111.50 level. Because...
The US dollar rallied against the Canadian dollar during the session on Monday, slicing through the 1.31 handle. Because of this move, I believe that the US dollar will continue to pick up against the Canadian dollar...
The British pound fell a bit during the day on Monday, as we find yourselves testing the 1.24 level. That’s an area that I think is the bottom of significant support, so if we can break above...
The EUR/USD pair continues to bounce around between the 50-day exponential moving average and the 100-day exponential moving average. We have an equilibrium somewhere near the 1.0750 level, so I’m not overly excited about trading this pair...
The Australian dollar fell during the Monday session, as we continue to see volatility in the Forex markets. I still believe that there is a significant amount of support just below though, so I’m looking for buying...
GBPJPY indicated its intention to head further south by breaking below the head and shoulders neckline at 141.00. The chart pattern is approximately 300 pips tall so the resulting selloff could be of the same size. The...
EURGBP seems to be tired from its dive as the pair failed in its last two attempts to break below the .8500 level. Price has now completed a double bottom formation and is testing the neckline at...
