EURNZD has been in a steady downtrend but the pair is starting to make a correction on its 4-hour forex chart. Price has bounced off support at the 1.3900 major psychological level and might pull up to...
A double bottom reversal pattern can clearly be seen on Cable’s 4-hour forex chart, indicating that a long-term rally might take place. Price is currently testing the neckline of the pattern around the 1.5000 major psychological resistance....
The USD/JPY pair rose during the course of the session on Tuesday, plowing into the 120 handle. That level offered a little bit of resistance, but ultimately it’s only a matter time before we break above there...
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 nice-looking hammer. This hammer suggests that the market could go as...
The GBP/USD pair initially rallied during the session on Tuesday, but found a bit of resistance as we started to approach the 1.50 level. This is an area that should continue to be massively resistive, so we...
The EUR/USD pair went back and forth during the course of the day on Tuesday, ultimately settling on a relatively neutral candle. With this, looks like the market is simply looking stagnant at that point, just as...
The USD/JPY pair initially fell during the day on Monday, but found enough support at the 118.50 level to turn things back around. Ultimately, we feel that the market should continue to go higher now, as the...
The USD/CAD pair did very little during the session on Monday, as we continue to hang about the 1.22 handle. We did form a hammer on Friday though, so we could be getting ready to bounce a...
The GBP/USD pair fell during the course of the session on Monday, but more importantly broke down below the bottom of the shooting star from Friday. Because of this, we have become bearish of this pair yet...
The EUR/USD pair did almost nothing during the session, ending with a slightly bearish candle. However, looks at the pair is getting ready to “roll over”, and with that we feel that the market is probably heading...
