The AUD/USD pair bounced off the 0.73 level during the session on Monday, showing signs of massive support. By doing so, the market looks as if it is ready to continue trying to rally, but given enough...
EURAUD recently broke past resistance at the 1.4400 major psychological level and zoomed up to the 1.4700 area. Price has since pulled back and is currently testing the broken resistance at the 50% Fibonacci retracement level. ...
USDCAD has been trending higher on its long-term time frames, moving inside an ascending channel that has held for the most part of 2016. Price is currently testing the channel support and could be due for a...
The USD/JPY pair fell significantly during the day on Thursday, reaching towards the 115 handle. That level should be support, as it was once resistance. Ultimately, we are in a nice uptrend and should see support all...
The USD/CAD pair fell hard on Thursday, as we continue to see quite a fair amount of negative pressure in this market. However, I see quite a bit of support on the uptrend line that we have...
The British pound rallied again against the US dollar, after initially falling. This is a very bullish looking candle that we have an uptrend line from the previous trend just above, and it coincides nicely with the...
The EUR/USD pair rallied on Thursday, as we broke above the 1.05 level. In fact, the Euro looks rather strong, but I recognize that the 1.07 level above as a bit of a “ceiling” in this market,...
The AUD/USD pair broke out during the day on Thursday, clearing the 0.73 level. We are dealing with a significant amount of resistance in this general vicinity, but it looks as if the Australian dollar is trying...
EURGBP has formed higher lows on its 1-hour chart and is testing resistance at the .8575, creating an ascending triangle formation. Price is approaching the peak of the triangle so a breakout in either direction might be...
GBPUSD has been selling off recently but a reversal pattern has formed on its 1-hour time frame. Price failed in its last two attempts to break below the 1.2200 major psychological level, creating a double bottom with...
