The USD/CAD pair fell initially during the session on Friday, but as you can see formed a nice looking hammer which suggests to us that this area could cause a bounce. That being the case, we think...
The GBP/USD pair tried to rally during the session on Friday, but as you can see the 1.60 level offered far too much resistance, creating a shooting star for the day. The shooting star is very negative...
The EUR/USD pair tried to rally during the session on Friday, but as you can see barely when anywhere in gave up half of what little bit of gains it did get. This tells us that the...
The AUD/USD pair shot higher during the session on Friday again, showing just how strong the Australian dollar has suddenly become. This of course is because the Federal Reserve looks unlikely to taper off of quantitative easing...
GBP/JPY’s recent rallies might come to a halt and start to reverse as the pair is hitting resistance at the 157.50 to 158.00 psychological levels.
Tomorrow is the last day for US politicians to reach an agreement on the debt ceiling as October 17th around midnight New York time the US will slide down the road of debt default as it will...
The USD/JPY pair fell during the session on Tuesday, showing that the bottom of the previous wedge is in fact offering resistance. However, we did bounce a little bit towards the end of the session so were...
The USD/CAD pair tried to rally during the session on Tuesday, but as you can see ran into enough trouble just below the 1.04 level in order to keep the rally from going anywhere. At the end...
The GBP/USD pair fell during the session on Tuesday, but slammed back into the 1.60 handle by the end of the day in order to form a nice looking hammer. The previous session formed a shooting star,...
The EUR/USD pair fell during the session on Tuesday, but found the 1.35 level to be supportive enough in order to bounce and form a hammer. This hammer suggests to us that we are to stay within...
