USDJPY has been forming lower highs and testing support at the 120.50 minor psychological level, creating a descending triangle pattern visible on the short-term time frames. Price is on its way up to test the resistance again...
NZDCAD has recently broken above a long-term double bottom formation, indicating that an uptrend is underway. Price is currently moving inside a rising channel on its 1-hour chart and is testing the support near the .8900 major...
The USD/CAD pair initially tried to rally during the course of the session on Friday, but turned back around to form a fairly negative candle. Because of this, there is a significant downward pressure on this market,...
The GBP/USD pair broke higher during the course of the session on Friday, as we continue to look very bullish. If we can break above the 1.55 handle though, the market should continue to go much higher....
The EUR/USD pair initially tried to rally during the course of the day on Friday but turned back around as we face a significant amount of pressure at the 1.11 handle. By doing so, we did up...
The AUD/USD pair initially fell during the course of the day on Friday, but found enough support below at the 0.71 level to turn things back around and form a bit of a hammer. The hammer that...
EURJPY recently broke below support at the 133.50 minor psychological mark then dipped to a low of 131.50 before pulling back up. Applying the Fibonacci retracement tool on the latest swing high and low reveals that the...
Yesterday’s Trading: On Thursday, the euro/dollar shot upwards without updating the minimum. The fixation of profit led to a fall in the dollar rate against many pairs. I did allow for such a scenario. The dollar weakened...
The USD/JPY pair broke higher during the course of the day on Thursday, as we continue to try to break out of the recent consolidation area. Because of this, if we can break above the 121.50 level...
The USD/CAD pair fell during the day on Thursday, as the markets continue to show quite a bit of volatility. However, we have seen quite a bit of support just below, so we feel it’s only a...
