USDJPY could be gearing up for another strong breakout, as the pair is moving inside an ascending triangle pattern on its 1-hour chart. Price is currently testing the top of the formation, still deciding whether to make...
The USD/JPY pair broke higher during the course of the session on Thursday, clearing the 120 handle. However, with the nonfarm payroll numbers coming out today, it’s very likely that the market should continue to tread water...
The USD/CAD pair initially tried to fall during the session on Thursday, but bounced back towards the 1.25 handle. With that, the market looks as if it is ready to continue the volatility, but with today being...
The GBP/USD pair went back and forth during the session on Thursday, showing that the 1.52 level below continues to be supportive. In fact, it is not until we break down below there that we would feel...
The EUR/USD pair went back and forth during the course of the session on Thursday, but most importantly tested the 1.10 level for support. We ended up finding support there, and turning back around. Ultimately though, with...
The AUD/USD pair fell during the course of the session on Thursday, as we continue to see sideways consolidation overall. With that being the case, we recognize that the 0.77 level below is massively supportive. If we...
The USD/JPY pair initially fell during the course of the day on Wednesday, but as you can see found enough support to turn things back around and form a hammer. In fact, this is the second hammer...
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but struggled above the 1.25 level yet again. By doing so, we ended up breaking down again, heading to the 1.24 region....
The GBP/USD pair broke down during the session on Wednesday, testing the 1.5250 region. With that being the case, it appears of the market is going to continue going lower, but we need to see the market...
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.11 level. This suggests that the market is ready to go down to the longer-term target that we have been talking about, the 1.10 level....
