The USD/JPY pair rallied during the day on Tuesday, breaking above the 112.50 level during the day. Ultimately, this is a market that will continue to try to go higher, but it’s likely that we need a...
The AUD/USD pair fell during the Tuesday session, but found buyers below the 0.7450 level. We are testing the 0.75 handle, which I believe will be rather resistive. If we see gold markets bounce, then we will...
USDCAD is still trending lower, moving inside a descending channel on its 1-hour chart and bouncing off resistance. Price is now making its way back down towards support at the 1.3300 to 1.3350 area, although it could...
The AUD/USD pair rallied on Monday, testing the 0.75 level above. This is the top of a significant resistance barrier, which is essentially a “zone.” I think that given enough time will get an exhaustive candle that...
The USD/JPY pair initially fell on Monday but found enough buyers near the 111 area to turn things around and form a bit of a hammer. A break above the top of the hammer is a bullish...
The USD/CAD pair broke down during the session on Monday, as we continue to consolidate between the 1.34 level on the bottom, and the 1.3550 level on the top. Given enough time, I believe that the market...
The GBP/USD pair initially tried to rally on Monday but found the 1.25 level to be far too resistive. Ultimately, this is a market that continues to bounce around just below that handle so I really don’t...
GBPUSD has been moving sideways, finding support around 1.2365 and resistance at the 1.2500 major psychological level. Price is making its way back to support after a recent bounce from the top of the range. The...
USDJPY is trending higher on its 1-hour chart, moving above an ascending trend line connecting the latest lows of price action. Price is currently testing this support area, which lines up with the 61.8% Fibonacci retracement level...
The USD/JPY pair went back and forth during the session on Friday, as the market looks to be running out of steam. Quite frankly, I think this is good news as a pullback would be a nice...
