The USD/JPY pair initially tried to rally during the session on Wednesday, but turn things back around by the end of the day and plunged to the bottom of the recent consolidation. This market is essentially a...
The USD/CAD pair initially rose on Wednesday, but turned back around to form a negative candle. In this general vicinity, we have seen a lot of tight action, so we do not expect much in the way...
The GBP/USD pair initially fell during the session on Wednesday, but found enough support below to turn things back around and climbed towards the 1.70 level. With that being the case, the market made a massive challenge...
The EUR/USD pair rose during the course of the session on Wednesday, but stays within the consolidation area that we’ve seen for some time. Because of this, it appears that the market should continue to bounce around...
The AUD/USD pair broke much higher during the session on Wednesday, testing the 0.94 handle. This market has essentially wiped out the losses from the previous session, so essentially it was a “no harm, no foul” type...
EUR/AUD has been in a strong downtrend, with the falling trend line connecting the highs of the price on the 4-hour time frame still intact. Stochastic is in the overbought zone, indicating that bulls are already exhausted....
Inflation cooled down in the UK last month which took forex traders by surprise. The British Pound halted its advance and all eyes are on today’s release of minutes by the Bank of England. Expectations for an...
The USD/JPY pair rose during the course of the session on Tuesday, breaking the top of the hammer that had formed on Monday. Because of this, the market does look like it’s going to continue going higher,...
The USD/CAD pair rose during the course of the session on Tuesday, but found enough in the way of resistance above to pull back down and form a shooting star. The shooting star signifies that the market...
The GBP/USD pair fell during most of the session on Tuesday, but bounced near the 1.6950 level in order to turn around and form a hammer. This hammer suggests that the market is building pressure to breakout...
