The Australian dollar rallied on Tuesday, as we continue to consolidate. This is a market that is a little bit oversold, so either consolidation or a bounce is needed to attract more sellers. Pay attention to the...
GBPJPY has previously been on an uptrend but it looks like bulls are tired from the climb. A head and shoulders pattern can be seen forming on its 4-hour time frame, although the right shoulder is still...
The GBP/USD pair rallied on Friday, showing signs of position squaring for the end of the year. There is still a significant uptrend line that had previously been so supportive just above, and it should now cause...
The EUR/USD pair went back and forth during the day on Friday, testing the 1.05 level for support. We have recently seen a spike in this market, but quite frankly a lot of this would have been...
The Australian dollar went back and forth during the day on Friday, as liquidity would have been a bit of an issue. I believe that the market could rally a bit from here, but the 0.73 level...
NZDUSD has been trending lower on its 4-hour time frame, moving inside a descending channel connecting its latest highs and lows. Price is currently testing the channel support and could be due for a pullback to the...
EURJPY has been trading sideways recently, finding support at the 121.70 area and resistance at 123.75. Price just bounced off the resistance and is on its way towards support or at least until the middle of the...
The USD/JPY pair fell on Thursday, reaching down to lower levels, but I feel that there is more than enough support at the 115 level below in order to keep the longer-term trend viable. In fact, I...
The USD/CAD pair fell on Thursday, testing the 1.35 handle. This is an area that previously has been resistive, so it should now be supported. I think at this point it’s only a matter of time before...
The GBP/USD pair tried to rally on Thursday but turned around to form a bit of an exhaustive candle. The exhaustive candle shows that the bearish pressure continues on the British pound overall, as we should then...
