The GBP/USD pair initially tried to rally during the course of the day on Friday, but found the area above the 1.52 level to be far too resistive to continue going higher. Because of this resistance, we...
The EUR/USD pair broke higher during the course of the session on Friday, as the jobs number came out very light. With that, the US dollar sold off initially, but we believe that traders are starting to...
The AUD/USD pair initially fell during the course of the session on Friday, but found enough support at the 0.70 level to turn things back around and form a hammer. That hammer of course is a very...
The USD/JPY pair fell during the course of the session on Thursday, as we continue to bounce around the 120 handle. With that being the case, the market looks as if it is simply going sideways, and...
The USD/CAD pair initially fell during the course of the session on Thursday, but found enough buying pressure near the 1.32 level to turn things back around and form a hammer. That being the case, the market...
The GBP/USD pair went back and forth during the course of the session on Thursday, as we continue to struggle just below the 1.52 level. That being the case, the market looks as if it still will...
The EUR/USD pair bounced at the open on Thursday, showing a little bit of resiliency. However, having said that we believe that the market continues to have support at the 1.11 level, and resistance at the 1.13...
GBPAUD formed lower highs and found support at the 2.1425 level, creating a descending triangle pattern on its 4-hour forex chart. Price is currently testing the triangle support, with a potential breakdown likely to indicate the start...
EURAUD has just gotten rejected on its test of the range resistance at the 1.6200 major psychological level and is now headed towards support at the 1.5600-1.5650 area. This follows the formation of a double top pattern...
The USD/JPY pair tried to rally during the course of the day on Wednesday, but struggled above the 120 level. Ultimately, we pullback enough to form a shooting star and it now appears that the market simply...
