The US dollar initially fell during the session on Wednesday but found enough support at the previous uptrend line that we turned around and formed a bit of a hammer. The suggest that we could rally, but...
The GBP/USD pair had a slightly positive candle form for the Wednesday session. The 1.27 level continues to attract a lot of noise though, so having said that I think that it will remain choppy. If we...
The EUR/USD pair had a slightly positive Wednesday, as we continue to bounce around and show signs of consolidation. I believe that there is a significant amount of resistance near the 1.0750 level above, so if we...
The Australian dollar went back and forth during the day on Wednesday, breaking above the 0.75 level. At this point, a rally will continue to face a little bit of trouble above, but more importantly you have...
AUDUSD broke down from its wedge formation after the FOMC statement but signs of a correction are materializing. Applying the Fib tool on the breakdown move shows that the 50% level lines up with the broken wedge...
The USD/JPY pair rallied slightly during the day on Tuesday, as the 115 level offered a little bit of support. This is a market that has been extraordinarily bullish as of late, so I think it’s only...
The USD/CAD pair did very little during the day on Tuesday as we continue to hug the previous uptrend line. Oil looks a little bit soft, so we could see the market turned things back around and...
GBP/USD The British pound initially tried to rally during the day on Tuesday, but found the 50% Fibonacci retracement level at the 1.27 level be far too resistive to continue going higher. By doing so, we rolled...
The EUR/USD pair went back and forth during the day on Tuesday, showing signs of support. However, I feel that the market has much more resistance of the 1.0750 level. Above there, I think there is resistance...
The Australian dollar initially tried to break above the 0.75 level during the day on Tuesday, but pulled right back down to form a candle that almost serves as a shooting star. On a break below the...
