AUD/USD appears to be forming a smaller range on its 1-hour time frame. The pair is on its way to test resistance at the .9300 major psychological level while stochastic is giving the overbought signal.
AUD/USD suffered a heavy selloff in yesterday’s trading, as the .9300 handle held as strong resistance and pushed the pair to the middle of its range.
The USD/JPY pair rose during the session Wednesday, breaking well above the 100 handle. On top of that, we broke the top of the shooting star from the previous session, so it looks like this market is...
The USD/CAD pair had a slightly positive session on Wednesday, after dipping and bouncing. The resulting candle is a hammer, but right now we feel that this market is probably a bit too weak to be bothered...
GBP/USD pair fell during the session on Wednesday, but as you can see we are still well above the 1.5250 level, an area that we suspect is going to be rather supportive now. Because of this, we...
The EUR/USD pair tried to rally during the session on Wednesday, but as you can see it pulled back enough to form a little bit of a shooting star.
The AUD/USD pair fell hard during the session on Tuesday, continuing to stay within the consolidation area that we have been in for roughly one month. Going forward, we still think that the 0.90 level is massive...
Two of the largest economies in the euro zone, namely Germany and France, will be printing their manufacturing and services PMIs in today’s UK session. Small improvements are expected, although most of the figures are likely to...
The USD/JPY pair tried to break through the 100 handle during the session on Tuesday, but as you can see struggle and fell flat. Resulting shooting star suggests that the market is going to go lower, something...
The USD/CAD pair fell during the session on Tuesday, breaking below the 1.03 handle finally. This market now looks like it’s ready to continue lower, and as a result we think that this market will target the...
