The USD/CAD pair initially fell on Friday, but turned around to form a hammer just as we did on Thursday. If we can break above the top of the hammer from Thursday, I believe that the longer-term...
The GBP/USD pair went back and forth, forming a relatively neutral candle. There is a significant amount of support below though, as the 1.20 level underneath offers a major barrier. A break above the top of the...
The EUR/USD pair initially tried to rally on Friday, but fell just as it did on Thursday, forming a shooting star again. Because of this, I believe that the short-term move to the 1.05 level is more...
The Australian dollar went back and forth during the day on Friday, as we continue to bang up against the 0.75 level. This is an area that will be resistive as it has been in the past,...
The USD/JPY pair broke down during the session on Thursday, slicing through the 115 handle. Although this is a very negative move, the reality is that there are several support barriers below, extending all the way down...
The USD/CAD pair fell hard on Thursday, reaching all the way down towards the 1.30 handle. However, the market turned right back around to form a massive hammer. If we can break above the top of the...
The GBP/USD pair tried to rally at the open on Thursday, but turned around to form a reasonably exhaustive candle. By doing so, the market looks as if it is going to continue to show quite a...
The EUR/USD pair rallied on Thursday, reaching towards the 1.07 level. This is an area where I expect to see quite a bit of resistance, so we could see selling in this area. If we get an...
The AUD/USD pair rallied during the day on Thursday, testing the 0.75 level. That’s an area that I believe should be rather resistive, so if we can break above the top of the range for the session...
EURAUD continues to trade sideways, moving between support at the 1.4150 minor psychological level and resistance at the 1.4500 mark. Price is currently testing the bottom of the range and could be due for a bounce back...
