EURUSD has been consolidating tightly, as the pair made lower highs and higher lows, forming a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing the bottom of the formation while stochastic is moving...
The USD/JPY pair initially rallied during the session, but pulled back in order to form a shooting star. The shooting star of course suggests that the market is ready to continue to drop from here, and perhaps...
The USD/CAD pair initially fell during the course of the day on Thursday, but found enough support at the 1.09 level to turn things back around and form a hammer. This hammer of course suggests that the...
The GBP/USD pair fell during the session on Thursday, but found enough support at the 1.6650 level to bounce and form a hammer. This hammer should signal a bounce to the 1.68 level. The area will feature...
The EUR/USD pair went back and forth during the day on Thursday, but formed a shooting star yet again. Every time this market rallies, the sellers step been to push it back down. With that, if we...
AUD/USD initially fell during the course of the day on Thursday, but found enough support just below the 0.93 level to turn things back around and form a bit of a hammer. If we can break the...
USD The US dollar got back on its feet and was able to advance against its forex counterparts, despite weaker than expected US retail sales. The headline figure showed a flat reading for July while the core...
The euro zone is set to release its GDP readings for the second quarter of the year and is widely expected to show disappointments, possibly a chance to hop in a euro short trade. EUR/JPY is currently...
The USD/JPY pair rose during the course of the day on Wednesday, as the market continues to grind its way back towards the 103 level. That being the case, the one of three level looks like it...
The USD/CAD pair went back and forth during the course of the day on Wednesday, testing the 1.09 level for support. This area is the bottom of the most recent consolidation area, so seeing buying pressure in...
