The US dollar initially fell on Friday, but then turned right back around to break above the 1.35 handle. We are closing towards the top of the range, and thus it should continue the bullish pressure to...
The British pound did almost nothing during the day on Friday, as we continue to go back and forth below the 1.25 handle. This is a market that continues to be very choppy, and as a result...
The EUR/USD pair bounced on Friday, as the 1.05 level offered support. This is an area that’s massively supportive on longer-term charts, so I think we must rally from here to roll back over and build up...
AUD/USD daily chart, November 28, 2016 The AUD/USD pair initially rallied on Friday but gave back about half of the gains. We did not form a shooting star, but something close to it. I believe that given...
The British pound rose slightly during the day on Thursday as the markets would have been fairly quiet due to the Americans celebrating Thanksgiving. At this point, there’s a lot of noise ran around the 1.25 handle,...
The US dollar initially rallied against the Canadian dollar during the very thin Thursday trading session, turning back around as the 1.35 level offered far too much resistance. The shooting star that form suggests that we are...
The AUD/USD pair fell at the open on Thursday but then bounced a bit to challenge the 0.74 handle. There is a significant amount of resistance above and extending all the way to the 0.75 level, so...
The US dollar rallied on Thursday again, breaking above the 113 handle. The market continues to be a bit overextended, so it’s difficult to get long of this market now. Essentially, you would be “chasing the trade”,...
EURGBP has been trending lower on its short-term time frames, moving inside a descending channel on the 1-hour chart. Price is currently testing the range support and might be due for a bounce back to the resistance...
The British pound initially fell on Wednesday but found a little bit of support to turn things around and form a hammer. The GBP/USD pair has been grinding its way to the upside ever so slightly over...
