The USD/CAD pair tried to rally during the session on Wednesday, but found the 1.0950 level to be far too resistive. With that resistance, we pulled back and formed a shooting star. This shooting star suggests that...
GBP/USD pair rose during the session on Wednesday, showing real strength as we broke the top of the shooting star. We tested the 1.69 level, which of course offered a bit of resistance, but at the end...
The EUR/USD pair fell during the bulk of the session on Wednesday, with that, we feel that the market forming the hammer at this point suggests that the 1.37 level will certainly continue to offer support, and...
The AUD/USD pair fell during most of the session on Wednesday, but found enough support closer to the 0.92 handle to turn things back around and form a hammer. This hammer is sitting just that the bottom...
Retail sales out of the UK were reported today. The British Pound rallied after the release of this report which pointed towards a much stronger UK consumer. Retail sales rose by 1.8% in April on a monthly...
GBP/AUD’s downtrend might soon reverse, as the pair has formed a double bottom pattern on its 4-hour time frame. The pair has bounced off the 1.7850 minor psychological level a couple of times then found resistance at...
The USD/JPY pair fell during the session on Tuesday, as it continues to test the 101.25 region. The real support probably extends all the way down to the handle, so 101 would need to be broken in...
The USD/CAD pair rose during the session here on Tuesday, breaking to the 1.09 level. That level has been resistive lately, so a break above the top of this range for the day on Tuesday would be...
The GBP/USD pair rose during the session on Tuesday, breaking the top of the shooting star for Monday. We are bullish of this market anyway, so it doesn’t surprise us that the buyers step back in. If...
The EUR/USD pair fell during the bulk of the session on Tuesday, dipping below the 1.37 level yet again. However, by the end of the day we did in fact form a bit of a hammer, and...
