The GBP/USD pair initially tried to rally on Monday but found the 1.25 level to be far too resistive. Ultimately, this is a market that continues to bounce around just below that handle so I really don’t...
GBPUSD has been moving sideways, finding support around 1.2365 and resistance at the 1.2500 major psychological level. Price is making its way back to support after a recent bounce from the top of the range. The...
USDJPY is trending higher on its 1-hour chart, moving above an ascending trend line connecting the latest lows of price action. Price is currently testing this support area, which lines up with the 61.8% Fibonacci retracement level...
The USD/JPY pair went back and forth during the session on Friday, as the market looks to be running out of steam. Quite frankly, I think this is good news as a pullback would be a nice...
The US dollar initially fell on Friday, but then turned right back around to break above the 1.35 handle. We are closing towards the top of the range, and thus it should continue the bullish pressure to...
The British pound did almost nothing during the day on Friday, as we continue to go back and forth below the 1.25 handle. This is a market that continues to be very choppy, and as a result...
The EUR/USD pair bounced on Friday, as the 1.05 level offered support. This is an area that’s massively supportive on longer-term charts, so I think we must rally from here to roll back over and build up...
AUD/USD daily chart, November 28, 2016 The AUD/USD pair initially rallied on Friday but gave back about half of the gains. We did not form a shooting star, but something close to it. I believe that given...
The British pound rose slightly during the day on Thursday as the markets would have been fairly quiet due to the Americans celebrating Thanksgiving. At this point, there’s a lot of noise ran around the 1.25 handle,...
The US dollar initially rallied against the Canadian dollar during the very thin Thursday trading session, turning back around as the 1.35 level offered far too much resistance. The shooting star that form suggests that we are...
