The GBP/USD pair rose during the session on Friday, break above the 1.53 level but found the area far too resistive to overcome. This formed a shooting star, which of course was formed right after a hammer.
The EUR/USD pair went back and forth during the Friday session, testing the 1.3250 resistance level, and the 1.3150 support level. In the end, the market did essentially nothing as we closed almost unchanged.
The AUD/USD pair rose again during the session on Friday, as the consolidation between 1.02 and 1.0370 continues. Within this chart, it’s hard to think that we will breakout as the 1.04 level looks so resistive.
USD: Bullish While some traders booked profits after the FOMC sparked a strong dollar selloff, it seems that most of the anti-dollar rallies that took place yesterday were mere retracements. For instance, GBP/USD managed to pull back...
There might be a chance to catch the GBP/USD selloff at a better price today as the pair appears to be retracing to the 38.2% Fibonacci level on the 4-hour time frame. On a longer-term chart, the...
The USD/JPY pair fell during the session on Thursday, but found the 93 level supportive enough to keep the market relatively sideways. It should be said that the markets got quite a boost in late day trading...
The USD/CAD pair again during the session on Thursday, but as you can see the 1.02 level was far too resistive for the buyers to overcome. This resulted in a perfect shooting star, and as a result...
The GBP/USD formed what could be considered a perfect hammer during the session on Thursday. The 1.52 level that the hammer is based upon is the very bottom of the ascending triangle that originally sent this market...
The EUR/USD pair fell significantly during the Thursday session, cracking the 1.3250 level as support. The market did stop however as the 1.3150 area, as it looks to be the bottom of that support area. Because of...
The AUD/USD pair went back and forth during the session on Thursday, but in the end formed a relatively neutral candle. In fact, you could almost call it a hammer, which we of course will treat as...
