The Australian dollar fell initially on Wednesday, but found enough support to turn around and formed a hammer. If we can break above the top of the hammer, I believe that the market will continue to go...
The USD/JPY pair broke down during the session on Tuesday, slicing through the bottom of the hammer on Monday. This of course suggests that we are going to go much lower, and I believe there is a...
The US dollar fell significantly during the session on Tuesday, testing the 1.30 level. It now looks as if the market is going to try to break down and we could go below the 1.30 handle, the...
The British pound skyrocketed after Teresa may suggested that the UK would be working very closely with the EU after the exit. I’m not sure why traders thought any different, but it’s obvious that the buyers have...
The EUR/USD pair rallied on Tuesday, as we reach towards the 1.07 level. There is quite a bit of resistance all the way to the 1.0750 handle, so I’m not ready to start buying just yet. I...
The AUD/USD pair broke out above the 0.75 handle during the day on Tuesday, showing signs of it going higher. Because of this, and the gold market pressing higher, it’s very likely that the market will then...
The USD/JPY pair fell on Monday, but found enough support near the 114 level to turn things around to form a hammer. There is a lot of noise between here and the 111.50 level, meaning that I...
The USD/CAD pair rallied a bit during the day on Monday, but remains below the uptrend line that we have recently formed. A break above the top of the hammer on Friday would have us going long,...
The British pound gap lower at the open on Monday, testing the 1.20 level underneath. This is an area that should be massively supportive, but I believe we are trying to get down below there, perhaps reaching...
The EUR rallied during the day on Monday, but found enough resistance at the 50-day exponential moving average to turn around and form a less than spectacular candle. I believe that the market is going to continue...
