The AUD/USD pair fell hard during the course of the session on Thursday, breaking the bottom of the shooting star that had formed on Wednesday. This was the perfect place to see this type of candle stick,...
GBPUSD is forming an uptrend on its 1-hour forex chart, as the recent lows can be connected by an ascending trend line. In addition, the long-term exponential moving average has been holding as a dynamic support area...
CADJPY has been steadily climbing on its 1-hour forex chart, reflecting a short-term uptrend for the pair. Price has been treading above the long-term exponential moving average on the same time frame while the short-term EMA is...
The USD/JPY pair went back and forth during the day in a very volatile session as the GDP numbers missed, and the Federal Reserve statement was less dovish than anticipated. With that, the market continues to meander...
The USD/CAD pair fell below the 1.20 level during the session on Wednesday as the GDP numbers out of America were less than anticipated. However, later in the day we turn things back around and formed a...
The GBP/USD pair broke higher during the course of the session on Wednesday, slamming into the 1.55 level. As you can see though, we did pullback a little bit as that area offered resistance. This is a...
The EUR/USD pair broke out to the upside during the session on Wednesday and cleared the 1.10 level as weaker than anticipated GDP numbers came out of the United States. Expected to be 1%, the announcement actually...
The AUD/USD pair initially went much higher during the course of the day on Wednesday, but pullback to form a shooting star. By doing so, it looks as if the market is ready to go lower, and...
The USD/JPY pair fell during the day on Tuesday, as we continue to test for support. With that being the case, the market looks as if it is going to find buyers in this general vicinity, so...
The USD/CAD pair broke down during the course of the session on Tuesday, as we head towards the 1.20 handle. This is an area that should have plenty of support though, based upon the large, round, psychologically...
