The Australian dollar initially fell during the day on Wednesday, but turned around to form a relatively supportive looking candle. There is a lot of noise above though, so I’m not willing to start buying at this...
EURAUD recently broke below support around the 1.4600 major psychological level then dropped to a low of 1.4125. From there, price showed signs of a pullback and is currently testing the 61.8% Fibonacci retracement level. The...
AUDUSD is starting to trend lower on its 1-hour time frame, moving inside a descending channel and just bouncing off the resistance at .7650. Price seems to have its sights set back on the bottom of the...
The USD/JPY pair rallied during the course of the session on Monday, breaking above the 105 level at one point. Ultimately, the market looks as if we are ready to go higher though, and with that I...
The USD/CAD pair initially fell during the day on Monday but turned around to form a hammer. The hammer of course is a bullish sign, so I look at this is a market that’s ready to continue...
The GBP/USD pair initially fell during the day on Monday, but turned around to form a little bit of a supportive candle. If we can rally above the top of this hammer, the market should then try...
The EUR/USD pair fell during the day on Monday, but did get a little bit of a left towards the US afternoon as the 1.09 level offers quite a bit of support. Ultimately, I believe that this...
The AUD/USD pair broke higher during the day on Monday, clearing the top of the hammer. With this being the case, it looks as if the market should continue to try to grind higher. I do recognize...
EURCAD has been trending higher on its 4-hour time frame and moving inside an ascending channel. Price has moved past the mid-channel area of interest and is making its way to the resistance around the 1.4900 major...
EURJPY has been moving sideways on its 4-hour time frame and is making its way closer to the range resistance at the 116.00 major psychological level. If it holds as a ceiling, price could head back south...
