The GBP/USD pair initially tried to rally during the course of the session on Monday, but as you can see ended up forming a shooting star as we closed just below the 1.51 handle. The real support...
The EUR/USD pair broke higher during the course of the day on Monday, but did not break the top of the hammer from Friday. We are essentially trying to build up enough of a bullish move to...
The AUD/USD pair fell slightly during the session on Monday, but as you can see really didn’t go anywhere. It appears that the 0.82 level will continue to be resistance, but ultimately we feel that this market...
AUDJPY has been trading in a downtrend, as a descending trend line can be drawn to connect the pair’s recent highs. Price is currently testing the falling resistance level around the 97.00 major psychological resistance for now...
Here are the Top Forex Developments for the trading week between 01/12/15 and 01/16/15: Number One: SNB Announcement The SNB surprised the markets on Thursday and unleashed a financial tsunami which caused some of the biggest forex...
The USD/JPY pair broke higher during the course of the session on Friday, completely wiping out the losses from Thursday. Ultimately, this shows that there is significant support at the 160 level, and as a result we...
The USD/CAD pair broke out during the session on Friday, but found enough resistance above the 1.20 level in order to turn things back around and form a shooting star. The shooting star courses negative, but at...
The GBP/USD pair went back and forth during the session on Friday, ultimately forming a relatively neutral candle. That being the case, the market looks as if it is still continue to find buyers down here, but...
The EUR/USD pair initially fell on writing, but found enough support below the 1.15 level to turn things back around and form a hammer. The hammer of course suggests that the market is ready to bounce and...
The AUD/USD pair initially fell during the course of the session on Friday, but found enough support below to turn things back around and form a hammer. This coincides with the gold markets rising overall and breaking...
