AUD/USD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place. The pair is still testing the neckline around the .9225...
The non-farm payroll report or NFP report will be released in less than 48hours and many market participants look forward to this report in order to guide them through the rest of the trading month. January’s report...
Despite the sharp selloff that took place in today’s Asian trading session and the double top pattern that formed on the short-term time frames, NZD/USD’s uptrend is still intact. The pair is currently testing the rising trend...
The USD/JPY pair rose during the session on Tuesday, shooting straight up in the air. The market still sits just below the most recent high, but it is so close the one has to think that sooner...
The USD/CAD pair fell during the session on Tuesday, showing the 1.10 level to be supportive yet again. We believe that this area is going to be rather supportive in the near term, as we await to...
The GBP/USD pair fell during the session on Tuesday, but did not break below the lows from the Monday session. With that, we feel that the market will simply go sideways in the short-term, but if we...
The EUR/USD pair rose during the session on Tuesday, breaking the top of the range for Monday at one point in time. However, the market gave back a significant amount towards the end of the day, and...
The AUD/USD pair initially rose during the session on Tuesday, but pulled back in order to form a shooting star. The shooting star is preceded by a hammer, so we feel that this market is more or...
USD/JPY has been on a strong rally lately after breaking above the consolidation pattern below the 102.50 minor psychological resistance. The pair seems close to testing another resistance level again, this time on top of the rising...
USD/JPY has been on a strong rally lately after breaking above the consolidation pattern below the 102.50 minor psychological resistance. The pair seems close to testing another resistance level again, this time on top of the rising...
