The EUR/USD pair initially fell during the day on Wednesday, but found enough support near the 1.12 level to turn things back around and form a nice-looking hammer. The hammer of course suggests that the buyers are...
The AUD/USD pair broke higher during the course of the day on Wednesday, clearing the top of the hammer that had formed on Tuesday. This suggests that the Australian dollar is going to go higher, and the...
GBPAUD might be done with its long-term uptrend, as a reversal pattern can be seen on its 1-hour and 4-hour charts. A double top formation has materialized after price failed in its last two attempts to break...
The USD/JPY pair initially broke down below the 120 level during the course of the session on Tuesday, but found enough support below to turn things back around and form a massive hammer. Because of this, the...
The USD/CAD pair went back and forth during the day on Tuesday, but ultimately found buyers below to form a bit of a hammer. With this, we feel that the USD/CAD pair will eventually break out to...
The GBP/USD pair initially tried to rally against the course of the session on Tuesday, but broke down significantly and more importantly below the 1.54 handle. Because of this, we feel this market will continue to drift...
The EUR/USD pair fell during the course of the session on Thursday, in order to show signs of weakness. However, we think that this pullback will eventually attract traders. In the meantime, we also recognize that the...
The AUD/USD pair initially fell during the course of the session on Tuesday, but found enough support to turn things back around to form a hammer. The hammer of course suggests that the market should continue to...
NZDUSD’s recent downtrend might soon be over, as the pair is forming a double bottom reversal pattern on its 1-hour chart. Price is still on its way to test the neckline of the formation at the .6400...
AUDUSD has been moving higher in the past few days but it could be a large correction from the longer-term downtrend. Applying the Fibonacci retracement tool on the latest swing high and low shows that the 61.8%...
