NZDUSD has formed a double top pattern on its 4-hour chart, signaling that a reversal from the previous uptrend might take place. Price just broke below the neckline around the .6800 major psychological level, which confirms that...
The USD/JPY pair rose during the course of the day on Monday, clearing the hammer that had formed on Friday. This is a very bullish sign, but keep in mind that this is a market that has...
The USD/CAD pair gapped higher at the open on Monday, testing the 1.30 level above, which of course is a psychologically significant number. If we can break above there on a daily close, then we may see...
The GBP/USD pair initially tried to rally during the course of the session on Monday, and then turn right back around for most of the day and formed a shooting star. Ultimately, breakdown below the bottom of...
The EUR/USD pair initially tried to rally during the course of the session on Monday, but turned right back around to form a shooting star. That being the case, the market looks as if we’re going to...
The AUD/USD pair fell rather significantly during the day on Monday, as we continue to see a selloff against the Australian currency. The 0.73 level below is a large, round, psychologically significant number, but more importantly it...
The GBP/USD pair initially tried to rally during the course of the day on Friday, but found the area above the 1.45 level as far too resistive to continue going higher. By doing so, looks as if...
The EUR/USD pair initially tried to rally during the course of the session on Friday, but found the 1.15 level above to be far too resistive to continue the move higher. Once we got the disappointing jobs...
The USD/JPY pair fell a bit during the course of the session on Friday as we got fairly weak jobs numbers out of the United States. However, there is a significant amount of support just below, so...
The USD/CAD pair initially fell during the course of the day on Friday, but turned right back around to continue the bullish pressure. With this being the case, we are now ready to test the 1.30 level...
