GBPJPY has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price just bounced off the triangle support around the 155.50 minor psychological level and might be due for a...
The USD/JPY pair rose slightly during the day on Monday, as we continue to bounce around the 109 handle. With that being the case, looks like we are trying to build up enough momentum to finally break...
The USD/CAD pair fell during the course of the session on Monday, as we continue to see quite a bit of resistance of the 1.30 level. That being the case, it’s likely that we will test significant...
The GBP/USD pair rose during the day on Monday, as we found quite a bit of support initially. However, there is a lot of resistance all the way to the 1.45 handle, so in exhaustive candle gives...
The EUR/USD pair did very little during the day on Monday, as we continue to hang just above the 1.13 level. Because of this, the market doesn’t really attract much attention from us, although we do think...
The AUD/USD pair tried to rally during the day on Monday, and did manage to get above the 0.73 level, but could not hang onto the gains in the end. It looks as if there is a...
EURGBP could be in for a longer-term selloff, as a head and shoulders pattern is being completed on the pair’s daily time frame. Price is on its way to test the neckline around the .7750 minor psychological...
USDJPY has been trending lower on its 4-hour chart, moving below a descending trend line connecting the latest highs of price action. The pair is currently stalling between the 50% and 61.8% Fibonacci retracement levels, which keep...
The USD/JPY pair initially tried to rally but then turn right back around to form a slightly negative candle. By doing so, looks as if we are going to continue to bounce around in this general vicinity...
The USD/CAD pair broke higher during the course of the session on Friday, clearing the top of the Thursday hammer. With this being the case, looks as if we are reaching towards the 1.30 level, and as...
