The EUR/USD pair initially fell during the session on Thursday, but found enough support below the 1.3650 level to form a decent looking hammer. However, there is so much noise above that we feel that this market...
The AUD/USD pair fell hard during the session initially on Thursday, but as you can see we bounced enough to form a nice-looking hammer. In fact, this hammer does not exist in a vacuum, as most of...
There has been plenty of talk about the European Central Bank and its next steps as more and more signs point to deflationary pressures in several member countries including Spain and Germany. Overall the economic recovery in...
The USD/JPY pair rose during the session on Wednesday, continuing to grind sideways as we continue to build a bit of a base down in this general vicinity. If we can get above the 103 level though,...
The USD/CAD pair when higher during the session on Wednesday, breaking above the 1.11 level. However, we have not broken above the 1.12 level, so we are still in the consolidation area that we have been in...
The GBP/USD pair went back and forth during the session on Wednesday, but ended up going nowhere by the time the market closed. The resulting candle suggests that what we had anticipated during the previous two sessions,...
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.37 level. This is an area that was offering relatively decent support, but the fact that we fell below this area doesn’t exactly trigger a...
The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.8950 level to bounce slightly. However, we look at this more or less as a consolidation area that we have been...
The USD/JPY pair fell during the session on Tuesday, testing the 102 level. This area has been supportive a couple of times before, and as a result we feel that this market will form a supportive candle...
The USD/CAD pair rose during the session on Tuesday, taking back some of the losses from the Monday session. We still believe that this market goes higher ultimately, but we do not have the right supportive looking...
