After selling off in the past few days, EURUSD is making a correction to the 38.2% Fibonacci retracement level. This coincides with a broken support level around the 1.0950 minor psychological level and the 200 SMA resistance,...
NZDJPY has formed a double bottom pattern on its 1-hour chart, signaling that a short-term reversal could be possible. Price found support at the 81.00 major psychological mark and resistance at the 83.00 major psychological level, which...
NZDUSD could be in for a correction early this week, as the pair bounced off its recent lows around the .6500 major psychological level. Applying the Fibonacci retracement tool on the latest swing high and low shows...
The USD/JPY pair went back and forth during the course of the session on Friday, as we continue to struggle to go higher. However, given enough time we should break out above the 125 level and continue...
The USD/CAD pair broke higher during the course of the session on Friday, testing the 1.30 level. This being the case, the market looks as if it is ready to make a significant move, and if we...
The GBP/USD pair went back and forth during the course of the session on Friday, essentially settling on a neutral candle. Because of this, the market looks as if it has plenty of support at the 1.55...
The EUR/USD pair fell during the course of the session on Friday, breaking below the bottom the hammer from the Thursday session. That being the case, it looks like the market is ready to continue to drop,...
The AUD/USD pair fell during the course of the session on Friday, showing significant weakness still. During the same session, the gold markets fell apart and as a result it should continue to push the value of...
EURAUD formed a head and shoulders pattern on its 1-hour time frame, indicating that a reversal from the previous uptrend might be seen. Price is already breaking below the neckline support at the 1.4700 major psychological level...
The USD/JPY pair broke higher during the course of the session on Thursday, breaking above the 124 level during the end of the day. With that, the market looks as if it is ready to continue going...
