The AUD/USD pair tried to break out during the day on Thursday, but struggled to get out of the consolidation area, forming a massive shooting star. The shooting star of course signifies that the bearish pressure is...
After rallying strongly last week, it appears that USDJPY could be in for a reversal as a head and shoulders pattern can be seen on its 1-hour forex chart. Price is currently testing the neckline of the...
The USD/JPY pair fell during the course of the day on Wednesday, testing the bottom of the hammer from the Tuesday session. Because of this, we feel that the market is probably going to grind in this...
The USD/CAD pair fell hard during the course of the day on Wednesday, breaking below the 1.09 handle, and even below the 1.0850 level during the day. With this, it looks like the market is ready to...
The GBP/USD pair tried to rally during the course of the day on Wednesday, but as you can see struggled to go to much higher than we started. The 1.66 level continues to offer resistance, and as...
The EUR/USD pair as you can see rose during the course of the session on Wednesday, testing the 1.32 level. The area has been resistive, and you can see that the gap lower that happened at the...
The AUD/USD pair rose during the course of the day on Wednesday, but still remains just underneath the 0.9350 level. That level has been the top of the recent consolidation area, and as a result we feel...
USDCAD seems to be exhausted from ts recent climb, as a reversal chart pattern can be seen on its 4-hour time frame. The pair is forming a double top after failing to break past the 1.1000 major...
The USD/JPY pair initially fell during the day on Tuesday, but found enough support to turn things back around and form a nice-looking hammer. This is the second hammer in a row on the daily chart, so...
The USD/CAD pair fell during the course of the day on Tuesday, testing the bottom of the hammer that had formed on Monday. That being the case though, we simply look as if we are going sideways...
