Despite the rise in oil prices, the Loonie is having trouble pushing past the rising trend line on its daily time frame. As you can see from the chart, the pair has made several tests of this...
The USD/JPY pair did exactly what we asked to do as far as giving is a buy signal, and that was closing well above the 98.50 handle. That being the case, we are bullish of this pair...
The USD/CAD pair rose during the session on Thursday, continuing the rally that we have seen over the last couple of days. In fact, the pair moved above the 1.05 level, which of course is a psychologically...
The GBP/USD pair fell during the session on Thursday, but as you can see bounced a bit in order to form a hammer. However, we don’t like buying this hammer here simply because it is in between...
The EUR/USD pair fell during the balance of the session on Thursday, but as you can see bounced enough in order to form a nice looking hammer just above the 1.3350 handle.
The AUD/USD pair rose during the session on Thursday, as you can see bouncing around the 0.90 handle. In the end though, this area did prove to be somewhat supportive, so we think that this market could...
GBP/JPY’s longer-term range is still holding for now, as the pair is having trouble breaking past resistance right below the 154.00 major psychological level. Stochastic has shown a bearish divergence, hinting at a move down south.
The USD/JPY pair rose during the session on Wednesday, after the Federal Reserve released the minutes from the last meeting that suggested that perhaps some of the board members are behind Ben Bernanke he and his tapering...
The USD/CAD pair rose during the session on Wednesday, as we have now cleared the 1.0450 level in order to start buying. The buy signal at this point in time is a simple break of the highs...
The GBP/USD pair tried to rally during the session on Wednesday, but as you can see failed and formed a shooting star. This of course is a very negative sign, and the fact that the shooting star...
