GBPAUD has been trending lower on its 4-hour chart, moving below a descending trend line connecting the latest highs of price action. Price is starting to pull up from its recent dive and applying the Fib tool...
The USD/JPY pair broke down during the day on Monday, as we tested the 100 handle finally. However, this is a market that was banking on potential lack of interest-rate hikes coming out of the United States,...
The USD/CAD pair fell during the course of the day on Tuesday, slicing through the 1.28 level at one point. However, we did bounce a bit so I don’t think this market necessarily ready to meltdown. It...
The GBP/USD pair broke higher during the course of the session on Tuesday, slicing above the 1.30 level at one point. However, even though we have a very bullish candle here, I believe that we will ultimately...
EUR/USD rose significantly during the course of the day on Tuesday, breaking above the 1.12 level. As I had suggested previously, if we got above the 1.12 level, we then would more than likely reach towards the...
The Australian dollar rally during the session initially on Tuesday, but turn right back around to form a bit of a shooting star that sits upon the previous resistance and 0.7675, as we await the employment numbers...
Cable made a strong rally in yesterday’s London session, creating a retracement opportunity from its recent slide. Applying the Fib tool on the latest swing high and low shows that the 38.2% to 50% levels span an...
The USD/JPY pair did very little during the course of the day on Monday, simply grinding sideways. With that being the case, the market looks as if it is prepared to simply sit at the 101 level....
The USD/CAD pair fell rather significantly during the course of the session on Monday, but once the Americans came back they did attempt to push this market higher. With this being the case, the market breaking above...
The GBP/USD pair initially tried to rally but then turn right back around to form a negative candle. By doing so, looks as if we are going to continue to go lower, and reach towards the vital...
