USD/JPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame. Stochastic bounced from the oversold...
The USD/JPY pair initially rose during the session on Thursday, but turned back around and fell to form a shooting star. With the nonfarm payroll number coming out today, that is not a surprise as this market...
The USD/CAD pair fell during the course of the session on Thursday, testing the 1.09 handle for support. We did in fact find it there, so it’s very likely this market will find buyers just below. However,...
The GBP/USD pair rose during the bulk of the session on Thursday, busting above the 1.68 level area. The market looks rather bullish, and as a result it is likely that we will continue to go higher,...
The EUR/USD pair fell during the bulk of the session on Thursday as the Europeans went to negative real interest rates. However, you can see that perhaps the market had already priced this in, and the 1.35...
The AUD/USD pair rose during the session on Thursday, breaking above the 0.93 handle. It appears that we are getting ready to go higher, and validate the consolidation area that we have been in for some time....
EUR/CAD might be in for a retest of the broken neckline and support at the 1.5000 major psychological level, with the ECB set to ease in today’s rate statement. Stochastic is already pointing down, which means that...
The USD/JPY pair initially fell during the session on Wednesday, but found enough buyers below in order to send the market back up. Ultimately, we formed a positive candle, and it appears that we are in fact...
The USD/CAD pair tried to breakout during the session on Wednesday, but in the end it appears that the market ran into far too much resistance above in order to continue going higher. With that, we feel...
The GBP/USD pair went back and forth during the course of the session on Wednesday, ultimately settling at a relatively unchanged rate. In the case, we feel that this market is trying to find support below at...
