The AUD/USD pair broke out above the 0.75 handle during the day on Tuesday, showing signs of it going higher. Because of this, and the gold market pressing higher, it’s very likely that the market will then...
GBPUSD made a strong bounce after PM May’s Brexit speech in the latest London trading session, allowing price to recover off the 1.2000 lows and create a reversal formation. A double bottom can be seen on the...
The USD/JPY pair fell on Monday, but found enough support near the 114 level to turn things around to form a hammer. There is a lot of noise between here and the 111.50 level, meaning that I...
The USD/CAD pair rallied a bit during the day on Monday, but remains below the uptrend line that we have recently formed. A break above the top of the hammer on Friday would have us going long,...
The British pound gap lower at the open on Monday, testing the 1.20 level underneath. This is an area that should be massively supportive, but I believe we are trying to get down below there, perhaps reaching...
The EUR rallied during the day on Monday, but found enough resistance at the 50-day exponential moving average to turn around and form a less than spectacular candle. I believe that the market is going to continue...
The AUD/USD pair had a volatile session on Monday, reaching towards the 0.75 level above. This is an area that is resistive, and until we can break above there and it close on a daily chart above...
EURJPY has been trending lower on its daily time frame, moving inside a descending channel formation and currently testing the resistance. Applying the Fib tool on the latest swing high and low also shows that the channel...
EURUSD continues to tread higher, moving inside an ascending channel visible on its 1-hour time frame. Price is just testing the resistance and could be due for a pullback to support before heading further north. The...
The USD/JPY pair went back and forth on Friday, testing the 115 level. This is an area where I think we will see a significant amount of support, but I also believe that the support extends all...
