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...
The EUR/USD pair rallied on Thursday, as the 1.05 level above continues to offer resistance. This is an area where I would like to see some type of exhaustive candle that I can start selling again. There...
The AUD/USD pair rallied on Thursday, bouncing off the recent lows. The market could rally from here and go all the way to the 0.73 level above which of course is previous support. That should now be...
The USD/JPY pair rallied on Wednesday, as we continue to see quite a bit of bullish pressure. The 115 level underneath should offer “a bit of a floor” in this market. I think that we are eventually...
The USD/CAD pair initially went higher on Wednesday, but turned around to form a shooting star. This is not a surprise, as we have the Crude Oil Inventories announcement coming out today, so that will obviously influence...
The GBP/USD pair fell again on Wednesday, as we continue to see bearish pressure against the British pound. Any rally at this point in time should be an opportunity to start selling, as the berries pressure has...
The EUR/USD pair initially went higher at the open on Wednesday, but continues to find the 1.05 level to be resistive enough to continue the downtrend. I believe that we will break below the 1.03 level, and...
