The AUD/USD pair initially fell during the course of the day on Thursday, but found enough support to turn things back around and form a hammer. The hammer isn’t much to look at though, and quite frankly...
USDJPY is starting to move sideways on its 1-hour time frame, as resistance at the 124.25 level held. Price is now moving back to the bottom of the range near the 122.50 minor psychological support. Stochastic is...
GBPAUD has been forming higher lows, creating an uptrend on its 4-hour time frame. In fact, an ascending trend line can be drawn to connect the latest lows and the pair is moving closer to test the...
The USD/JPY pair tried to break out during the session on Wednesday, but as you can see turned back around to form a shooting star. The shooting star of course is one of the more negative signs...
The USD/CAD pair initially fell during the day on Wednesday, triggering a lot of sell orders underneath the shooting star from Tuesday. However, we turned back around and slammed into the 1.24 handle, showing more choppiness in...
The GBP/USD pair had a pretty volatile session during the day on Wednesday, as we touched the 1.58 level, and then turned back around to break below the 1.57 level. Ultimately though, the 1.57 level did offer...
The EUR/USD pair had a slightly positive session on Wednesday, but quite frankly was a bit on impressive. We believe that the market sitting flat in this area is a reasonably decent sign for the buyers though,...
The AUD/USD pair initially tried to rally during the day on Wednesday, but found far too much in the way of resistance near the 0.7750 level, turning things back around to form a bit of a shooting...
EURAUD formed a double top pattern on its 4-hour chart recently, signaling that price is exhausted from its climb. The pair just broke below the neckline of the chart formation, confirming that a reversal is bound to...
The USD/JPY pair broke higher during the course of the session on Monday, clearing the 123 handle. With that being the case, we feel that the market will probably try to work its way back towards the...
