The USD/JPY pair fell during the course of the session on Wednesday, slamming into the trend line that has been supporting this market for some time. That being the case, it appears that the market will continue...
The USD/CAD pair broke to the upside initially during the session on Wednesday, but fell back down below the 1.09 level. Ultimately, the market did find a bit of support though, and as a result of that...
The GBP/USD pair rose initially during the session on Wednesday, but then fell apart and broke down below the 1.68 handle. However, there is still plenty of support in this general vicinity, and as a result we...
The EUR/USD pair initially tried to rally, but Wednesday action sell the market fall down to the 1.37 level. This of course is a fairly weak looking candle as it is a shooting star. A break below...
The AUD/USD pair broke to the upside during the session on Wednesday, but as you can see fell and formed a shooting star. The shooting star sits just above the sideways grind that we have been in...
Today forex traders received two consumer price index reports out of the Eurozone’s biggest and second biggest economies, Germany and France, which pointed towards a continued drop in consumer inflation. Deflationary pressures have been increasing, but the...
Ahead of today’s UK major economic events, GBP/USD has formed a head and shoulders pattern on its 1-hour time frame. The pair has also recently broken below an ascending trend line connecting the price lows then pulled...
As you can see, the USD/JPY pair went back and forth during the session on Tuesday, but most importantly found support right around the 102 level. It isn’t really a hammer, but as you can see it...
The USD/CAD pair went back and forth during the session on Tuesday, trying to breakout to the upside. However, the market fell a bit flat, but did stay above the 1.09 level. With that, we believe that...
The GBP/USD pair broke down during the session on Tuesday, breaking the bottom of the shooting star that formed on Monday. While this would typically be a nice selling opportunity, the reality is that the 1.68 level...
