The AUD/USD pair went back and forth during the session on Friday, but as you can see we still sit just above the 0.90 level. In other words, this market really isn’t going anywhere fast. This is...
This week saw the release of more economic data out of China and the signs were not encouraging as all reports pointed to a slower Chinese economy than anticipated. This sparks global economic growth concerns and had...
The USD/JPY pair went back and forth during the session on Wednesday, essentially settling nothing. The area just below has been supportive in the past, so it would make sense that we would find buyers in this...
The USD/CAD pair tried to break out to the upside, but pulled back enough to form a shooting star during the day on Wednesday. While this is normally a negative sign, we feel this is more or...
The GBP/USD pair fell during the majority of the session on Wednesday, but as you can see bounced hard enough off the 1.66 level to form a nice-looking hammer. This hammer is at the bottom of the...
The EUR/USD pair broke out to the upside after printing a hammer the previous day for the Wednesday session. However, we still remain below the downtrend line, which of course is from the monthly timeframe. That obviously...
The AUD/USD pair fell initially during the session on Wednesday, but found enough support near the 0.8950 level to turn things back around and form a hammer. This hammer of course suggests that the market is going...
USD/JPY might be in for a quick pullback to an area of interest before resuming its rally. The pair recently broke above the 102.50 minor psychological level, which has been holding as resistance in the past month....
The USD/JPY pair fell during the session on Tuesday, testing the 103 support level. This level of course has been massively resistive in the past, so it makes sense that would be supportive now. This represents a...
The USD/CAD pair fell during the session on Tuesday, but as you can see found enough support at the 1.11 level in order to bounce and form a hammer. This hammer of course signifies that the market...
