USD/JPY has been climbing slowly inside a rising channel on its 4-hour time frame, and is currently testing the bottom. In addition, price has formed a bullish divergence with higher lows while stochastic made lower lows, suggesting...
NZD/USD has retreated from its recent rallies, as bulls are unable to take the pair significantly past the .8400 major psychological resistance.
The USD/JPY pair fell during the session on Wednesday, but really didn’t go anywhere in the end. Because of this, we feel that this market will continue to consolidate and grind sideways in the near-term, and possibly...
The USD/CAD pair rose slightly during the session after initially falling on Wednesday, forming a relatively decent looking hammer. We believe that the market is trying to grind higher, but that’s the key phrase “grind.”
The GBP/USD pair rose during the session on Wednesday, bouncing off the 1.60 handle, proving it to be very supportive. This is the break of a hammer from the previous day that we have been waiting for...
The EUR/USD pair rose during the session on Monday, breaking back above the 1.35 handle. This market looks bullish, we still need to get above the shooting star from last week in order to feel comfortable going...
The AUD/USD pair fell during the session on Wednesday, breaking down to the 0.9350 handle. However, we got enough of a bounce in order to form a hammer, and it does look like the market is ready...
USD bulls received good economic news out of the US today. New home sales rose 7.9% in August to a 421,000 unit annual rate. While the news were positive it comes on the back of July’s 14.1%...
USD/CHF has been trending lower in the past few days but it seems to be having difficulty sustaining its decline past the .9100 major psychological support level. With that, a pullback might be in the works, possibly...
The USD/JPY pair went back and forth during the session on Tuesday, essentially going nowhere in the end. The resulting candle is a shooting star, and of course it suggests that we are going lower, but in...
