The downtrend on EURJPY seems to be over, as price formed a double bottom pattern on its 1-hour time frame and broke past the neckline resistance around 137.00. The pair is climbing past the 138.00 handle and...
CADJPY has been forming an ascending trend channel on its 1-hour forex chart, as it made higher highs and higher lows. A bullish divergence can be seen, with stochastic making lower lows. MACD is also reflecting a...
The USD/JPY pair fell during the course of the day on Monday, but found enough support at the 107.50 level to turn things back around and form a nice-looking hammer. This was an area that we had...
The USD/CAD pair rose during the course of the day on Monday, using the 1.12 level for support yet again. We remain bullish of this market, but realize that we will probably just go sideways overall between...
The GBP/USD pair initially rallied during the session on Monday, but as you can see pullback to form a shooting star. Because of this, the market could very well drop from here but we recognize that the...
The EUR/USD pair went back and forth during the course of the day on Monday, essentially going nowhere. We continue to struggle at the 1.27 level, and as a result it’s very likely that the sellers are...
The AUD/USD pair did very little during the course of the day on Monday, as we continue to meander around the 0.88 level. This area is essentially the “Ground Zero” of the consolidation area that we have...
USDCHF has been in a strong climb recently, even breaking past a key resistance area around the .9500 handle. However, the pair seems to have lost steam and may be due for a pullback to the area...
The USD/JPY pair went back and forth during the course of the day on Friday, essentially settling nothing. However, we have broken out above the 107.50 level, and as a result we believe that the market does...
The USD/CAD pair initially fell during the session on Friday but found the 1.12 level to be supportive enough to form a hammer. The hammer of course suggests that the market is going to bounce from here,...
