The AUD/USD pair initially fell during the course of the day on Tuesday, but found enough support below to turn things back around and form a hammer. The hammer of course is a positive sign, and as...
EURJPY appears to have found support at the 200 simple moving average, which is close to the 61.8% Fibonacci retracement level on the 4-hour time frame. Weak euro zone inflation data sparked a round of euro selling...
The USD/JPY pair went and forth during the session on Monday, as we continue to hang out just below the 110 level. That area is significant resistance, so we believe that it’s going to take a significant...
The USD/CAD pair fell during the course of the day on Monday, but found enough support near the 1.1150 region to bounce from there to form a hammer. The hammer of course suggests that the market could...
The GBP/USD pair rose during the course of the day on Monday, but as you can see ran into a bit of trouble at the 1.63 handle. With that, it appears that the market is ready to...
The EUR/USD pair tried to rally during the course of the day on Monday, but as you can see failed near the 1.27 level. This area ended up pushing market back down and forming a shooting star,...
The AUD/USD pair rose during the course of the day on Monday, as we bounced a bit off of the 0.87 handle. However, the 0.88 level above should be resistive, so we look at this is a...
USDJPY seems to be having trouble sustaining its gains past the 109.50 minor psychological level, opening the case up for a quick retracement. Price appears to have pulled back to the 38.2% Fibonacci retracement level on the...
EURJPY appears to be retracing from its recent rally earlier in the month, as price has found resistance near the 141.00 major psychological level and pulled back to the 139.00 area. A deeper pullback could last until...
The US Dollar has rallied to multi-year highs as forex traders grow more confident that the US Federal Reserve will raise interest rates sooner than previously expected. Expectations now call for an increase in interest rates by...
