The GBP/USD pair initially tried to rally, but turned around to fall during the day. I believe that there is a massive amount of support at the 1.25 handle however, and thus I am willing to buy...
The EUR/USD pair fell significantly on Thursday, as the 1.0750 level offered massive resistance. By breaking down like this, I believe that the market continues to go lower, perhaps reaching towards the 1.05 level underneath. A breakdown...
The Australian dollar had a negative session on Thursday, reaching towards the 0.75 level. This is an area where I suspect we will see quite a bit of support, so a supportive candle is reason enough to...
GBPUSD seems to be tired from its dive, as the pair formed a reversal pattern on its longer-term charts. Price failed in its last two attempts to break below the 1.1975 area, creating a double bottom formation...
The US dollar rallied against the Japanese yen after initially falling on Wednesday. The 112.50 level appears to be supportive, but I also recognize that the 115 level is resistive. If we can break above the top...
The US dollar fell again against the Canadian dollar, and it now looks as if we’re going to go looking for the 1.30 level below. That is an area that has a significant amount of support attached...
The British pound took off during the day on Wednesday, as we have cleanly broken above the 1.25 handle. Because of this, the pound should continue to be favored, and I think we will continue to see...
The EUR/USD pair tried to rally during the day on Wednesday, but found quite a bit of resistance above the 1.0750 level. The 100-exponential moving average has acted as resistance, and if we can close with a...
The AUD/USD pair fell on Wednesday, but found enough support at the 0.75 level underneath. We turned around to form a hammer, which of course is a bullish candle. Looking at this market, it looks as if...
EURUSD has been trending higher but slowly consolidating inside a rising wedge formation visible on the 1-hour and 4-hour charts. This signals that a breakout in either direction could take place soon as price is approaching the...
