EUR/USD has tested the 1.3000 major psychological level a few times already, forming a double bottom pattern on its 1-hour time frame. However, the pair has yet to break above the neckline before confirming that a reversal...
The USD/JPY went back and forth during the session on Monday, but remained underneath the 100 level. This candle doesn’t necessarily say much rather than the market wanting to breakout, but simply cannot do so quite yet.
The USD/CAD pair fell during the session on Monday, as the 1.05 level continues to be rather resistive. We don’t look at this is a selling opportunity, rather we believe that this market is simply consolidating for...
The GBP/USD pair went back and forth during the session on Monday, seeing a significant amount of volatility, but in the end closing basically unchanged. This market found a lot of resistance of the 1.5250 level, and...
The EUR/USD pair had a strong showing during the session on Monday, proving the 1.30 level to be supportive yet again. The Friday candle is a shooting star though, so it suggests that we could see resistance...
The AUD/USD pair rose during the session on Monday, bouncing hard off of the lows in order to form a strong looking green candle. However, we are approaching the 0.93 handle, an area that has been a...
China just printed its set of PMI figures from HSBC and the government in today’s Asian session, and both reports showed weaker performance in its manufacturing sector. The government figure fell from 50.8 to 50.1 while the...
