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...
The EUR/USD pair fell during the course of the session on Tuesday, continuing the sideways consolidation area that we have been in for several days. The 1.35 level continues to be very supportive, so that being the...
The AUD/USD pair fell hard during the session on Tuesday, as the dovish comments out of the Reserve Bank of Australia moved the markets. With that being the case, a break down can continue going all the...
After the sharp rally in the past couple of days, GBP/USD is now stalling at a major psychological resistance level, which is also around the yearly highs at 1.7000. Stochastic is moving down, which means that pound...
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,...
