Just last week, AUD/USD broke below the neckline of the head and shoulders pattern on the 4-hour time frame, indicating that a long-term downtrend might be in the cards. However, the pair looks prime for a retracement...
NZD/USD just broke below the key support level at .8200 last week but it appears that price needs to retrace before heading any lower. On the 1-hour time frame, the 38.2% Fibonacci retracement level is close to...
The USD/JPY pair initially fell during the session on Friday, but as you can see bounced off the 101 handle in order to form a nice looking hammer. This hammer signifies of the market is going to...
The USD/CAD pair shot higher during the session on Friday, but as you can see the market pulled back and formed a shooting star, which of course is a very bearish sign. At the end of the...
The GBP/USD pair rose during the session on Friday, showing that the British pound continues to strengthen overall. In fact, the British pound looks healthy against most other currencies, so we do think that this market will...
The EUR/USD pair rose during the session on Friday, and closed above the 1.35 level again. Because of this, look like this market is going to try and breakout to the upside, but we need to see...
The AUD/USD pair broke down during the session on Friday, closing at the 0.9165 level. This of course has broken down below the 0.9250 level, an area that we thought was significant support. In fact, the market...
EUR/USD finally broke below that tight consolidation on top of a rising trend line, but it appears that a pullback could be in the cards. The pair bounced off the 1.3400 major psychological level and appears ready...
The USD/JPY pair shot straight up during the session on Thursday, breaking well above the 100.50 level, an area that we thought would offer a bit of resistance. Because of this, we feel that this market will...
The GBP/USD pair initially fell during the session on Thursday, but shot straight up in order to slam into the 1.6050 level. This area should be resistive, though, so we think that although the market looks a...
