The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.9250 level. That area is significant enough for us to start buying on a supportive candle, and as a result we...
AUD/USD has sold off because of the weak Australian CPI reading but this might merely spark a large correction for the pair’s ongoing uptrend. On the 4-hour time frame, a rising trend line can be drawn to...
The Australian Dollar, nicknamed the Aussie, dropped over 100 pips against major currency pairs during the Asian trading session which took plenty forex traders by surprise. The reason behind the drop came from two economic reports which...
USD/CAD recently broke below a rising trend line on its 4-hour time frame, thanks to weak US non-farm payrolls data and a downbeat FOMC meeting minutes release. However, the pair is showing signs of exhaustion from the...
The USD/JPY pair fell initially during the session on Tuesday, as traders came back from the Easter holiday. Nonetheless, there was plenty of buying pressure underneath, and as a result the market bounced enough to form a...
The USD/CAD pair did very little during the session on Tuesday, but did prove the 1.10 level to be supportive again. Because of that, we feel that this market should continue to grind higher but we recognize...
The GBP/USD pair rose during the session on Tuesday, but could not breakout to fresh new highs. However, the 1.6850 level looks like its being challenged rather significantly, so we feel it’s only a matter of time....
The EUR/USD pair tried to rally during the session on Tuesday, but fell from the 1.3835 level to form a shooting star. This suggests that the market is going to continue falling from here, and that a...
The AUD/USD pair rose during the session on Tuesday, breaking the top of the hammer that had formed on Monday. That signifies that we are going higher in our opinion, and as a result we started buying...
USD/JPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair. Take note though that stochastic already reached the overbought zone and may...
