The British pound initially went higher during the day on Thursday but found enough resistance of the previous 50% Fibonacci retracement level again to turn things around and start falling. The market has a supportive trend line...
The EUR/USD pair initially tried to rally during the day on Thursday but found itself turning around due to the fact that the ECB is going to expand and links in its quantitative easing overall, and that...
The AUD/USD pair initially tried to rally and break above the 0.75 level, but turned around to fall to the 0.7450 level. I think if we can break down below the preceding hammers that had formed half...
The USD/JPY pair went back and forth during the day on Wednesday as we continue to show quite a bit of volatility. I believe that sooner or later we should see a bit of a pullback in...
The USD/CAD pair initially tried to rally during the day on Wednesday but continued to drop a bit as it looks like we are going to reach towards the 1.32 handle now. This is an area where...
The British pound fell on Wednesday, testing the 1.2550 region. At this point, I believe that we could rally but the 50% Fibonacci retracement ratio has offered quite a bit of resistance. I think that we are...
The EUR/USD pair rallied slightly during the day on Wednesday, as we continue to press against the 1.08 level above. I believe that as soon as we get the 1.0850 level above, we should see a nice...
The AUD/USD pair initially fell on Wednesday, but turned around to form a nice-looking hammer. It appears that we are trying to break above the 0.75 level, which has been massively resistive. If we can break above...
GBPJPY sold off recently but is still trading above an ascending trend line connecting the latest lows of price action on the 1-hour chart. Price is gearing up for a test of the support level, which lines...
The USD/JPY pair was very choppy over the course of the session on Tuesday, but did find a bit of a bullish sign. A break above the 115 handle is what’s needed for a continues move higher...
