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...
The USD/CAD pair initially tried to rally during the day on Friday, but found enough resistance to turn things around and reach below the 1.30 level. If we can make a fresh, new low, then I believe...
The GBP/USD pair fell during the day on Friday, but turned around to form a nice-looking hammer at the 1.25 handle. This is a very bullish sign and if we can break above the top of a...
The EUR/USD pair initially fell on Friday after the jobs number, but turned around to form a massive hammer. The hammer sits above the 1.0750 level, which is very important. If we can break above the top...
The AUD/USD pair initially fell on Friday, but as you can see turned around to form a bit of a hammer. It looks as if the market is going to reach towards the 0.7750 level above, although...
The USD/JPY pair fell initially during the session on Thursday, but continues to find the 112.50 level to be supportive enough to keep the market somewhat afloat. I believe that the support runs all the way down...
The USD/CAD pair fell initially on Thursday, but found enough support underneath the 1.30 level to form a hammer. This makes quite a bit of sense, because we the jobs number coming out today and it would...
