The AUD/USD pair tried to rally during the session on Friday, but like its antipodean cousin, the New Zealand dollar, it failed to hang onto gains. The resulting candle of course formed a shooting star which is...
On longer-term time frames, it is evident that USD/JPY is still undecided which direction to take as it consolidated inside a symmetrical triangle. The pair has made lower highs and higher lows on the 4-hour chart, and...
The USD/JPY rose during the session on Thursday, breaking above the 98 handle. However, we have not broken clearly above the 99 level that we want to see in order to go long, so we are still...
The USD/CAD pair rose during the session on Thursday as the US dollar got a bit of a boost against most currencies. On top of that, oil pulled back finally, as it has been overbought lately.
The GBP/USD pair fell again during the session on Thursday, but as you can see the 1.55 level continues to offer plenty of support. In fact, we formed two hammers before this candle, and as a result...
The EUR/USD pair fell hard during the session on Thursday, but as you can see we are still above the 1.32 handle. That is the level we need to see broken to the downside in order to...
The AUD/USD pair fell during the session on Thursday after initially trying to rally, which of course it failed to do so. The resulting candle is a shooting star, but there is a hammer from the previous...
EUR/USD’s uptrend seems to be exhausted already as the pair broke below the rising channel support on its 4-hour time frame. The strong red candle close below the 1.3300 major psychological level signifies a possible reversal, probably...
The USD/JPY pair rose during the session on Wednesday, bouncing off of the 97 handle. We did not completely and golf the previous days bearish candle, but having said that we did take enough away make this...
The USD/CAD pair has been going sideways with a slightly downward bias over the last couple of sessions, and Wednesday of course was no different. However, we do not feel that this market is going to break...
