The AUD/USD pair try to rally during the session on Thursday, but as you can see found enough resistance just below the 0.90 level to pull back and form a hammer. This hammer is formed at the...
A classic reversal chart pattern has formed on GBP/JPY’s 1-hour time frame, indicating that the recent selloff is almost over. However, the pair has yet to make a break above the neckline of the formation before a...
The USD/JPY pair formed a hammer during the session on Wednesday again, showing that the 101 level is indeed going to be supportive. With that, we feel that this market will show substantial support again and again....
The USD/CAD pair went back and forth during the session on Wednesday, continuing to tread water just below the 1.11 level. With that, it appears the market is going to simply go sideways between now and nonfarm...
For the second session in a row, the GBP/USD pair formed a hammer on Wednesday. This hammer sits right at the 1.63 handle, and as a result it looks like this area is indeed going to be...
The EUR/USD pair went back and forth during the session on Wednesday, showing the 1.35 level as being supportive. We still have the 200 EMA just below, which of course offers dynamic support as well. However, we...
The AUD/USD pair went back and forth during the session on Wednesday, printing a neutral candle just above the 0.89 handle. That being the case, it appears the market is going to try and go higher, simply...
Europe started today’s sour economic news releases as the Service Sector PMI came in much weaker across the continent. The Eurozone Service PMI came in at 51.6 which missed estimates which called for an increase to 51.9....
Thanks to strong New Zealand jobs figures, NZD/USD made a stellar rally in the past trading session and climbed back above the .8200 handle. However, the pair might be encountering resistance right at that area, which has...
The USD/JPY pair found enough support at the 101 level to bounce and form a hammer for the session on Tuesday. That being the case, it is almost impossible for me not to notice the fact that...
