AUDUSD has been trading inside a rising channel on its 1-hour forex time frame for the past month, but it looks like a breakdown is happening. The pair is currently hovering around the channel bottom near the...
Reviewing the long-term price action of EURCAD indicates that the pair may be in the middle of a huge market correction, as the recent selloff is stalling at the 38.2% Fibonacci retracement level of the previous uptrend....
Yesterday we saw two employment reports which painted a much different picture than what many hoped for and one which is closer to reality than any other report released in 2014 on the labor market. While expectations...
The USD/JPY pair fell during the course of the day on Friday, and even dropped below the 105 level. However, there was enough support below to turn things back around and we closed just above it. That...
The USD/CAD pair fell initially during the session on Friday, but as you can see formed a hammer. With the US employment numbers coming out a bit on the light side, we did of course see this...
The GBP/USD pair broke higher during the course of the day on Friday, after falling significantly on Thursday. That being the case, the 1.63 level offered enough support in order to turn things back around for the...
The EUR/USD pair initially tried to rally during the session on Friday, but found the 1.30 level to be far too resistive. In the end, we ended up forming a shooting star, which of course suggests that...
The AUD/USD pair broke higher during the course of the session on Friday, and even broke above the top of the shooting star from Thursday. That being the case, the market looks as if it is trying...
USDJPY has staged strong gains in the past few days yet it appears to be stalling at a major resistance zone. Price is moving around the 105.50 area, which lines up with the previous year highs and...
The USD/JPY pair rose during the course of the day on Thursday, hanging about the 105 level. With today being the nonfarm payroll announcement, it’s likely that there will be quite a bit of volatility in this...
