The AUD/USD pair initially fell on Tuesday, but found enough support just above the 0.72 level to turn things around and form a hammer. The hammer of course is a very bullish sign, but even if we...
EURAUD has been trending lower on its 1-hour chart, moving inside a descending channel connecting the latest highs and lows. Price just bounced off the channel resistance at the 1.440 major psychological level and could head back...
The USD/JPY pair fell on Monday, as we continue to see a lot of action in this market. Quite frankly, this is a market that is overextended at this point, so I like the idea of the...
The USD/CAD pair initially dipped on Monday, but then turned around to reach towards the 1.34 handle. A break above there would send this market reaching towards the 1.35 handle, which is a massive resistive barrier, but...
The GBP/USD pair fell during the day on Monday, as they have tested the uptrend line. A break down below there is a very negative sign, and the British pound should continue to go much lower. A...
The AUD/USD pair initially trying to break back above the 0.73 level, but at this point it’s likely that the market will continue to drop from here. After all, we couldn’t hang onto the gains, so with...
USDJPY is still trending higher, moving above an ascending trend line on its 1-hour time frame and gearing up for a test of support. Applying the Fib tool on the latest swing low and high shows that...
EURAUD made another bounce off its support at the 1.4125-1.4150 area late last week and looks ready for a test of resistance at the 1.4500 major psychological mark. If this holds as a ceiling, the pair could...
The USD/JPY pair fell slightly during the day on Friday, as we are starting to get a little bit exhausted after the massive amount of bullish pressure that we have seen. I still think that the 150...
The USD/CAD pair initially tried to rally on Friday but gave back some of the gains in order to form something akin to a shooting star. I think we are going to roll over from here but...
