The AUD/USD pair had a fairly neutral session on Friday, taking a break after busting through the 1.04 level finally on Thursday. This is a relatively significant breakout, but we need to see the highs of the...
The USD/JPY pair fell during most of the session on Thursday, breaking below the 95 handle for the last couple of hours. However, there is a significant support area all the way down to the 94.50 level,...
The USD/CAD pair fell most of Thursday, but found enough support by the end of the session to form a nice looking hammer. Because of the shape of this candle, we think that the pair is ready...
The GBP/USD pair rose during the session on Thursday, breaking above the 1.5150 area. This market looks like it’s trying to form some type of bottom, but we have significant resistance above as the market pulled away...
The EUR/USD pair fell during the session on Thursday, but did get a little bit of a bounce towards the end of the day as word got out that the Cypriots may be trying to work towards...
The AUD/USD pair broke above the 1.04 level for the first time over the last few months on Thursday, finally getting through an area that had been so stubborn for the last week or so.
USD/JPY’s rally seems to be losing steam as the pair can’t seem to make a break above the 97.00 major psychological resistance. Right now, USD/JPY is pulling back to the 95.00 area and looks ready to test...
The falling trend line on USD/CAD’s 1-hour time frame is holding for now but the pair is consolidating into what appears to be a symmetrical triangle. Traders are awaiting the results of the Canadian retail sales report,...
The USD/JPY pair had a strong showing during the session as rumors came out that the Bank of Japan was going to announce stronger than expected asset purchases, perhaps as early as today. Whether or not there...
The USD/CAD pair initially fell during the session on Wednesday, but as you can see found support somewhere near the 1.0225 level. This formed a hammer, and it does in fact suggest that we are going to...
