EURAUD seems to be completing a complex double bottom pattern on its daily chart, with price currently testing the neckline around the 1.4400 major psychological mark. An upside breakout past this resistance would mark the start of...
GBPUSD has been treading lower on its 1-hour chart, forming a descending trend channel with resistance at the short-term exponential moving average. The short-term EMA has been moving below the long-term EMA on the same time frame,...
The USD/JPY pair rose slightly during the session on Friday, testing the 124 handle. However, the market is a bit overextended at this point time, so we are hesitant to start buying. Quite frankly, we need to...
The USD/CAD pair initially tried to rally during the course of the session on Friday again, but just as we saw on Thursday, but ended up failing. A doubt appears of the 1.25 level is in fact...
The GBP/USD pair initially fell during the course of the session on Friday, testing the 1.5250 level. This is an area that could cause a little bit of a bounce, but quite frankly we are not ready...
The EUR/USD pair initially fell during the course of the session on Friday, and then slammed into the 1.10 level. With that, we feel that the market is trying to break out, and the fact that we...
The AUD/USD pair fell slightly during the course of the session on Friday, showing a little bit of weakness. However, we have plenty of support below so we are hesitant to sell. In fact, we hope to...
The USD/JPY pair initially rose during the course of the day on Thursday, but until the momentum could not continue. Because of this, the market ended up pulling back and while that is a somewhat negative sign,...
The USD/CAD pair initially went higher during the course of the session on Thursday, and even broke above the 1.25 handle at one point during the day. However, we turned back around to form a shooting star...
The GBP/USD pair went back and forth during the course of the day on Thursday, forming a slightly negative candle. However, we believe that this market should continue to drift a little bit lower but anticipate that...
