The USD/JPY pair went back and forth during the course of the session on Tuesday, testing the 120 level for support. With that being the case, the market looks as if it is possibly going to bouncer...
The USD/CAD pair broke higher during the course of the day on Tuesday, clearing the 1.32 handle. The impulsive candle is based upon not only the US dollar strengthening in general, but the fact that the oil...
The GBP/USD pair fell during the course of the day on Tuesday, but did bounce a little bit towards the end. Nonetheless, this looks like a market that although soft, isn’t quite ready to go anywhere yet....
The EUR/USD pair fell slightly during the course of the day on Tuesday, but we remain above the uptrend line from the massive ascending triangle on the longer-term charts that we have been talking about. Because of...
The AUD/USD pair initially tried to rally during the course of the day on Tuesday but turned back around and fell to test the 0.72 level. This is an area that has been supportive recently, so we...
EURAUD has been trending lower on its 1-hour chart, moving below a falling trend line connecting the latest highs of price action. The pair just recently sold off upon hitting the trend line resistance then dipped to...
Yesterday’s Trading: My Monday’s expectations came off fully. The euro/dollar lifted to 1.1055 and then fell to 1.1003. From here it renewed to 1.1067 due to weak US housing data. Sales of new homes fell to 468,000....
EURCHF has been trading steadily lower on its 1-hour chart, as the recent highs of price action can be connected by a falling trend line. Price is currently testing the trend line resistance, which might still keep...
The USD/JPY pair initially fell during the course of the session on Monday but found enough support near the 120.50 level to turn things back around and form a nice-looking hammer. The hammer of course should signify...
The USD/CAD pair went back and forth during the day on Monday, with a fairly negative tone. However, the 1.31 level offered enough support to turn things back around and form a bit of a hammer. Because...
