The USD/JPY pair fell during most of the session on Monday, but bounced and gave back about half of the losses. The resulting candle is a hammer, which shows the 101.50 level to be supportive again. Nonetheless,...
The USD/CAD pair went back and forth during the session on Monday, showing that the 1.08 area continues to be supportive. With this candle, it shows that the market is probably struggling to find any real direction...
The GBP/USD pair tried to break out and above the 1.70 handle during the session on Monday. However, as you can see we ended up turning back around and forming a shooting star. With this candle, we...
The EUR/USD pair initially fell during the course of the session on Monday, but found support near the 1.35 level yet again. This area continues to bring in buyers, and as a result we feel that the...
The AUD/USD pair went back and forth during the course of the session on Monday, showing the 0.9350 level to be supportive again. This area is the site of the recent breakout, so it’s not a big...
On Thursday forex traders were delivered a rather big disappointment as far as US advanced retail sales are concerned. The release on Thursday covered the month of May and economists expected an increase of 0.6%. Retail sales...
The USD/JPY pair rose during the course of the session on Friday, testing the 102 level for resistance. This area has offered resistance and support before, so as a result the market looks as if it’s going...
The USD/CAD pair did very little in the session for Friday, as the market simply sits just above the massive supportive area at 1.08 or so. That being the case, the market appears like it’s ready to...
The GBP/USD pair tried to rally during the course of the session on Friday, but the 1.70 level offers resistance yet again. This area turned the market back around and formed a shooting star, and as a...
The EUR/USD pair went back and forth during the session on Friday, testing the 1.35 region for support. However, at the end of the day we really didn’t do much, and as a result we feel that...
