An oversold market, thin trading conditions and good economic data from China helped drive the AUD/USD higher on Monday. With the U.S. on bank holiday, the major players were out of the market, allowing counter-trend buyers to...
USD/JPY has confirmed the potential downtrend, after it made a retest of the broken trend line support last week. This could mean that further losses are in the cards for the pair. Take note though that stochastic...
The USD/JPY pair did very little during the session on Friday as there was no real news to move the market in either direction. That being said, we still believe that the 105 level is the area...
The USD/CAD pair rose during the session on Friday slamming back into the 1.10 resistance area. This area does look like it’s about to give way though, so we feel that a daily close above this handle...
The GBP/USD pair rose during the session on Friday, but did not break above the 1.65 resistance area. Because of this, we are not overly bullish yet, but do recognize the fact that the pair is more...
The EUR/USD pair fell hard during the session on Friday, smashing through the 1.3550 support area. However, we think this area has support all the way down to the major handle in 1.35, so we are not...
The AUD/USD pair fell hard during the session on Friday, clearing the 0.88 handle with the ease. Because of this, the market looks like it’s going to serve falling apart again, and therefore we feel that this...
AUD/JPY is on its way towards the bottom of the falling channel on the 4-hour time frame. A bounce might be in the cards since stochastic is indicating deeply oversold conditions. The pair could find support at...
The USD/JPY pair tried to rally during the session on Thursday, but found the 105 level before too resistive. Because of this, we pullback informed a shooting star, which of course is one of the more bearish...
The USD/CAD pair fell during the bulk of the session on Thursday, but as you can see got enough pressure to the upside of the 1.09 level in order to form a hammer. The fact that we...
