AUD/USD pair broke higher during the course of the session on Wednesday, testing the 0.79 level. However, we found enough resistance in that general vicinity to withstand the bullish pressure. Alternately, if we get some type of...
GBPUSD made a strong bounce during the FOMC statement, as dollar bulls were disappointed to find out that the Fed lowered their growth and inflation forecasts. Although the statement no longer contained the “patient” wording in discussing...
The USD/JPY pair went back and forth during the day on Tuesday, essentially forming a hammer yet again. Because of this, the market looks as if it is completely supported below, probably finding a bit of a...
The USD/CAD pair fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer. This is the second hammer in a row, so we do believe that the...
The GBP/USD pair broke down during the session on Tuesday, slicing back below the 1.48 level. With that being the case, the market looks as if it’s ready to continue going lower, possibly down to the 1.45...
The EUR/USD pair tried to break out to the upside during the session on Tuesday, but ran into a significant amount of resistance above the 1.06 level. Because of this, the market ended up falling and forming...
The AUD/USD pair tried to break higher during the course of the session on Tuesday, but turned back around to form a shooting star. That being the case, the market looks as if it’s ready to go...
EURJPY might be done with its recent downtrend, as a short-term reversal pattern formed on its 1-hour time frame. A double bottom can be seen, with price currently testing the neckline of the formation. Moving averages have...
The USD/JPY pair fell during the session initially on Monday, but found enough support underneath to turn things back around and form a hammer. With this, it looks like the USD/JPY pair will continue to go higher....
The USD/CAD pair initially fell during the session on Monday, but found enough support near the 1.2750 level to turn things back around and form a hammer. This shows that we are without a doubt very well...
