The EUR/USD pair rallied during the session on Friday, reinforcing the idea of the 1.30 support level. However, the candle from Thursday is a big wicked looking shooting star, so simply put – this pair looks confused.
The AUD/USD pair tried to rally during the session on Friday, but as you can see had found far too much resistance at the 1.0340 level yet again. We have formed a shooting star in this general...
The USD/JPY pair fell during the session on Thursday, but as you can see bounced enough to form a stubby little hammer. With that being the case, it looks like we still have upward pressure in this...
The USD/CAD pair fell off a Cliff during the Thursday session, slamming into the 1.02 handle. This market has a long history of doing almost nothing for several sessions in a row, and then suddenly moving like...
GBP/USD had a strong showing on Thursday, as the economic numbers coming out of London suggested that the United Kingdom managed to skirt past a triple dip recession, and as a result the Pound got a bit...
The EUR/USD pair rallied during the session on Thursday, but as you can see gave back all of the gains in order to form a shooting star. While this would normally be enough to get us selling,...
The AUD/USD pair rallied during the session on Thursday, but as you can see gave back most of the gains in order to form a shooting star. This shooting star is sitting above two hammers, which essentially...
The U.S. will print its Q1 2013 GDP reading in today’s U.S. session and the report is slated to show 3.0% economic growth for the quarter, higher than the previous reading of 0.4%.
On its 1-hour time frame, GBP/USD is testing the falling trend line connecting its recent highs from the second week of April. On top of that, the pair is also stalling around the 1.5300 major psychological level....
The USD/JPY pair fell during the session on Wednesday, but as you can see formed another hammer, suggesting that we are going to see further bullish pressure to the upside in this marketplace. It simply appears that...
