GBPUSD is consolidating tightly in a symmetrical triangle pattern visible on a short-term time frame, just below an area of interest indicated on the 4-hour time frame. Price could go either way, depending on the outcome of...
USDJPY sold off on Friday but is currently testing support at a rising trend line connecting the lows on the 1-hour time frame. Price could be due for a bounce from here, possibly taking it up to...
The USD/JPY pair went back and forth during the course of the day on Friday, as we continue to find quite a bit of volatility in this market. The 122.50 level offered enough support to keep the...
The USD/CAD pair initially fell during the course of the session on Friday, but turned back around to show a slightly positive candle. Ultimately, we feel that this market continues to grind its way towards the 1.3450...
The GBP/USD pair went back and forth during the course of the day on Friday, forming a bit of a shooting star. The fact that we formed a shooting star right here at the 1.52 level, of...
The EUR/USD pair fell during the course of the session on Friday, testing the 1.07 level yet again. This is an area that continues offer support though, and at this point in time we actually prefer selling...
The AUD/USD pair went back and forth during the course of the session on Friday, showing quite a bit of volatility as usual. The 0.71 level below is supportive, but we also see quite a bit of...
On Thursday the pound/dollar was trading above the LB in a range of 70 points. In the first half of the day the rate dropped to 1.5173 and in the second it returned to 1.5240. It’s now...
Yesterday’s Trading: On Thursday, trading of the euro/dollar closed up. Sharp fluctuations on the euro were caused by ECB president Draghi’s speech and by speeches from US Fed representatives. Draghi promised to reassess QE in December and...
The USD/JPY pair continues to grind itself a little bit lower, as the market seems a bit stretched at the moment. Ultimately though, we feel that the market should continue to find buyers below, and we are...
