GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same...
GBPUSD is consolidating inside an ascending triangle pattern on its 4-hour chart ahead of today’s event risks. Price just bounced off the bottom of the formation and may be due for another test of resistance around the...
The USD/JPY pair initially fell during the course of the session on Wednesday, but found enough support below to turn things back around and slammed into the 125 handle. If we can get above this area, we...
The USD/CAD pair initially fell during the course of the session on Wednesday, but just as a bit on Tuesday, the buyers came back into the marketplace to push this market higher. With this, we feel that...
The GBP/USD pair broke higher during the course of the session on Wednesday, but as you can see remains well within the consolidation area that we’ve seen for some time. We believe that the 1.55 level below...
The EUR/USD pair rose slightly during the course of the session on Wednesday, but quite frankly we are simply consolidating at the moment. We believe that the 1.08 level on the bottom is the support, while the...
The AUD/USD pair went back and forth during the course of the day on Wednesday, essentially settling nothing. However, it appears that the market is not willing to put a lot of faith into the Australian dollar,...
AUDUSD recently surged past the .7350 minor psychological resistance, which has served as a barrier towards the end of last month. Price topped out around .7420 and is showing signs of a pullback to the broken resistance....
The USD/JPY pair initially fell during the course of the session on Tuesday, but found enough support below the 124 level to turn things back around and form a hammer. Because of this, the market should then...
The USD/CAD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a hammer. The hammer of course is a bullish sign, so we...
