EURNZD’s selloff might soon be over, as price formed an inverse head and shoulders pattern on its 4-hour forex chart. Price is currently testing the neckline around the 1.5400 major psychological resistance and may make an upside...
The USD/JPY pair initially broke down during the course of the day on Wednesday, but we remain within the consolidation area that we have been stuck in for a couple of weeks now. Ultimately, the market should...
The USD/CAD pair went back and forth during the course of the session on Wednesday, as the market continues to try to come up with enough momentum to break above the 1.25 handle. With that, we are...
The GBP/USD pair initially broke higher during the course of the session on Wednesday, but struggled a just below the 1.52 level. That area of course has offered resistance recently, so we can break the bottom of...
The EUR/USD pair went back and forth during the course of the day on Wednesday, essentially doing nothing. With that being the case, we believe that the 1.15 level above is massively resistive, and we are looking...
The AUD/USD pair continues to hang about the 0.80 handle, as the market suggests that the Australian dollar will more than likely continue to soften. With that, we feel that the market can be sold on resistive...
The USD/JPY pair fell during the majority of the session on Tuesday, but found enough support near the 117.25 level to bounce slightly. Ultimately, this looks like a market that is ready to continue grinding sideways, so...
The USD/CAD pair fell during the course of the day on Tuesday, breaking the back of a hammer from Monday. That essentially makes the hammer from Monday a “handyman”, which of course is a very bearish sign....
The GBP/USD pair broke higher during the course of the session on Tuesday, testing the 1.52 level. We believe that this market is still consolidating, so therefore we are not willing to buy it into we get...
The EUR/USD pair broke higher during the course of the session on Tuesday as the Core Durable Goods Orders number came out light in the United States. Because of this, the US dollar sold off and the...
