The AUD/USD pair fell during the session on Thursday, breaking through the 0.88 level yet again. Nonetheless, this market continues the downtrend we have seen for some time and we have now broken fresh new lows. With...
CAD/JPY might be in for more losses, as the pair just broke below the support of the rising channel on its 4-hour time frame. Stochastic is already in the oversold zone but hasn’t crossed upwards, indicating that...
The USD/JPY pair fell during the session on Wednesday richly, but bounced in order to form a somewhat positive looking candle. However, we are still well below the 105 level which of course is resistance. In order...
The USD/CAD pair exploded to the upside on Wednesday, breaking above the 1.10 level for the second day in a row, only this time we managed to stay above it and more importantly broke the top of...
The GBP/USD pair shot through the 1.65 handle during the session on Wednesday, breaking above the first area that we had mentioned needed to be cleared for the buyers to take over again. On top of that,...
The EUR/USD pair tried to rally during the session on Wednesday, but found far too much resistance in order to continue and keep the gains. The shape of the shooting star of course suggests that more selling...
The AUD/USD pair shot higher during the session on Wednesday, breaking back above the 0.88 level. The Australian dollar has been beat up rather significantly, so this bounce of course would have been expected at one point...
Forex traders already received insight from two central banks today; the Bank of Japan during the Asian trading sessions and the Bank of England during the European trading session. The North American trading session will add the...
EUR/USD’s recent selloff might soon be over, as the pair formed a double bottom on its 1-hour time frame. This is a classic reversal pattern and the uptrend could be confirmed once the pair breaks above the...
The AUD/USD pair went back and forth on Tuesday, hovering around the 0.88 level. This is an area that has been very important for the Australian dollar, and as we have formed a neutral candle, we suspect...
