EURGBP has been trending lower recently but has just bounced off a descending channel that’s forming on its 4-hour time frame. This could offer a pullback opportunity to the top of the channel near the dynamic resistance...
The USD/JPY pair initially tried to rally during the course of the day on Monday, but found the area near the 111.50 level to be a bit too resistive. The resulting shooting star candle suggests that we...
The USD/CAD pair initially tried to rally during the course of the day on Monday, but with the Americans away at Memorial Day, the reality is that there wouldn’t have been much liquidity in this marketplace as...
The GBP/USD pair initially fell during the course of the session on Monday, but turned gray back around to form a little bit of a hammer. The hammer of course is a very bullish sign, and as...
The EUR/USD pair rose slightly during the course of the day on Monday, but you have to keep in mind that the Americans were away for the Memorial Day holiday. Because of this, the market would have...
The AUD/USD pair initially fell during the course of the day on Monday, but turned back around to form a hammer. The hammer of course is very supportive, but there is quite a bit of noise just...
USDJPY has been trending higher recently, moving inside a rising channel pattern on the 1-hour time frame. Price just came off a test of resistance and might be ready for a pullback to the channel support, which...
EURGBP has been selling off recently but it appears to be stalling at a longer-term correction level. Zooming out to the daily time frame reveals that price is stalling at the 50% Fibonacci retracement level and might...
The USD/JPY pair initially fell during the day on Friday, but then shot higher and above the 110 handle. This is a market that continues to see quite a bit of support underneath this area, so with...
The GBP/USD pair initially tried to rally on Friday but then turn right back around form a negative candle. That being the case, looks as if we’re going to try to grind our way back down to...
