Here are the Top Forex Developments for the trading week between 01/05/15 and 01/09/15: Number One: US NFP The US economy added more jobs in December than expected as the NFP report showed the addition of 252,000...
GBPUSD is showing signs of a pullback, as price previously found support near the 1.5000 major psychological level. Using the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame indicates that...
The USD/JPY pair initially tried to rally during the course of the day on Friday, but found the 120 level to be a bit too resistive to keep going higher. With that being the case, we ended...
The USD/CAD pair bounced off of the 1.18 level to find support and show strength during the session on Friday. Ultimately, the market will more than likely head to the 1.20 handle, given enough time. We believe...
The GBP/USD pair broke higher during the course of the session on Friday, clearing the top of the hammer that had formed for the session. With that being the case, the market ended up breaking out and...
The EUR/USD pair initially broke down below the 1.18 level during the session on Friday, but as you can see sold buyers below in order to turn things back around and form a hammer. That hammer of...
The AUD/USD pair initially tried to fall during the session on Friday, but bounced enough to form a nice positive candle. The 0.82 level has offered a little bit of resistance, but at this point in time...
The USD/JPY pair went back and forth during the course of the session on Thursday, as we continue to bounce around just below the 120 level. With the nonfarm payroll numbers coming out today, it’s very likely...
The USD/CAD pair initially fell during the course of the day on Thursday, but found support at the 1.18 level to turn things back around and form a little bit of a hammer. This hammer of course...
The GBP/USD pair went back and forth during the course of the day on Thursday, forming a little bit of a hammer. That being the case, it looks as if the 1.50 level is in fact going...
