The AUD/USD pair initially fell during the course of the day on Thursday, but found enough support near the 0.76 handle again to turn things back around and form a hammer. This hammer tells us that the...
USDJPY was rejected at the resistance of the descending channel on its 1-hour time frame, which suggests that the selloff could resume. The pair found resistance at the 123.50 minor psychological level and could head back towards...
The USD/JPY pair broke higher during the session on Wednesday, clearing the top of the hammer from Tuesday. Because of this we feel that the market is going to continue to consolidate overall but we also recognize...
The USD/CAD pair had a very strong showing during the day on Wednesday, finally breaking out to a fresh, new high. Because of this, we are buyers of this pair although we recognize that the currency markets...
GBP/USD pair initially tried to rally during the day on Wednesday, but found the area above the 1.57 level to be a bit too rich. We fell, but we are still well above the 1.55 level, which...
The EUR/USD pair initially tried to rally during the course of the day on Wednesday, but then turned back around to test support below. With that being the case, we feel that it’s only a matter of...
The AUD/USD pair fell during the course of the session on Wednesday, as we crashed towards the 0.7650 level. We believe that there is a significant amount of support near the 0.76 level, and as a result...
GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame. The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA. Stochastic...
The USD/JPY pair went back and forth during the course of the session on Tuesday, ultimately settling nothing. That’s not a big surprise though, because the 122 level has been so supportive in the past. With that...
The USD/CAD pair initially fell during the course of the session on Tuesday, but found enough support to turn things much higher. We tested the 1.25 level above, as it is of course a large number, but...
