EURGBP is trending higher on its 1-hour time frame, moving inside an ascending channel and signaling a possible upside break. Price has formed a bullish flag on the channel resistance at the .8475 area, with an upside...
The USD/JPY pair initially drifted lower during the course of the session on Wednesday, but bounced enough to form a bit of a hammer. The hammer of course is likely to be a sign of support, and...
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but turned back around to form a bit of a shooting star. There is a massive amount of support below though, especially...
The GBP/USD pair did nothing during the course of the day on Wednesday, as we continue to consolidate in general. I still believe that the 1.35 level above is massively resistive and the resistance extends all the...
The EUR/USD pair fell significantly during the course of the session on Wednesday, forming what is essentially a “today shooting star” in this market at the 1.12 level. If we can break down below the 1.1150 level,...
The AUD/USD pair went back and forth during the course of the day on Wednesday, essentially settling on a neutral candle. There is quite a bit of support just below though, so ultimately it’s very likely that...
EURUSD has been trending lower on its 4-hour time frame, moving inside a descending channel and currently testing the resistance. If this area keeps gains in check, price could head back to the channel support at the...
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turned around to form a very negative candle. This negative candle looks very much like a market that’s trying to reach...
The USD/CAD pair initially fell during the course of the session on Tuesday, crashing into the 1.30 level below. By doing so, they found quite a bit of buyers and we bounced enough to form a nice-looking...
The GBP/USD pair rose during the course of the session on Tuesday, now looking to reach towards the top of the consolidation area. The 1.35 level continues to be massively resistive above though, so I’m simply waiting...
