The USD/CAD pair fell initially during the course of the session on Monday, but turned back around to show strength. We tested the 1.15 handle, but did not break above it quite yet. We feel that sooner...
The GBP/USD pair broke higher during the course of the session on Monday, but is right in the middle of the previous consolidation area so we feel it’s only a matter time before the resistance comes into...
The EUR/USD pair initially fell during the session on Monday, but as you can see found support below the 1.23 level enough to turn things back around and form a hammer. That being the case, we feel...
The AUD/USD pair bounced during the session on Monday, but quite frankly we feel that any bounce at this point in time is just simply going to be an invitation to start selling again. The market should...
USDJPY is making another test of the rising trend line support visible on its 1-hour forex time frame. The pair has just traded around the 122.00 levels and pulled back to the 120.50 area, which is around...
GBPUSD made a downside break from the symmetrical triangle chart pattern on its 1-hour time frame, indicating that further losses are in the cards for the pair. The chart formation is roughly 250 pips in height so...
Here are the Top 5 Forex Developments for the trading week between 12/01/14 and 12/05/14: Number One: Non-farm Payrolls US non-farm payrolls rose by 321,000 in November and the unemployment rate showed no change at 5.8%. Expectations...
The USD/JPY pair broke above the 120 level during the session on Friday, as the nonfarm payroll numbers came out much stronger than anticipated in America. With that being the case, it appears that we are starting...
The GBP/USD pair tried to rally during the course of the day on Friday, but as you can see turned things back around and fell to a fresh new low. Because of this we feel that the...
The EUR/USD pair fell hard during the session on Friday, as the nonfarm payroll number came out much stronger than anticipated. Because of this, we made a fresh low, as the market close to just below the...
