USDJPY has been moving sideways on the short-term time frames, still waiting for more catalysts to spur a trend in either direction. At the moment, price is approaching the top of its range around the 123.75 level....
The USD/JPY pair rose during the day on Monday, as we continue to consolidate in the area that we have been stuck in for a couple of weeks now. Ultimately though, we believe that the nonfarm numbers...
The USD/CAD pair initially fell during the day on Monday, but turned back around near the 1.33 level to bounce and form a bit of a hammer. This hammer of course is a bullish sign and therefore...
The GBP/USD pair went back and forth on Monday, but ultimately settled on a fairly neutral looking candle just above the 1.50 level. It’s an obvious large, round, psychologically significant number, so a bounce off of the...
At this point in time, we believe it’s pretty much a foregone conclusion that the market is going to reach down to the 1.05 handle. However, there isn’t much in the way of room between here and...
The AUD/USD pair rose during the day on Monday, but struggled to make any real gains. Ultimately, this is probably because there is an interest-rate announcement and more importantly a monetary policy statement coming out of Australia...
NZDUSD has been on a selloff but it looks like a reversal may be in order. Price is forming an inverse head and shoulders pattern on its 4-hour time frame, with an upside break of the neckline...
The USD/JPY pair initially fell during the day on Friday, but then turned around to form a bit of a hammer. The 122 level below is massively supportive in our opinion, as we continue to consolidate between...
The USD/CAD pair broke higher during the course of the day on Friday, clearing the top of the candle from both Wednesday and Thursday. Because of this, we feel that the market will eventually break out to...
The GBP/USD pair broke down below the bottom of three separate hammers during the session on Friday, testing the 1.50 level. If we can get below the bottom of the range at the 1.50 level, we feel...
