A double top chart pattern has formed on EUR/AUD’s daily time frame and it appears the pair is revving up for a reversal from its recent climb. The neckline around the 1.4500 handle seems to be broken...
AUD/JPY is showing signs of a reversal from its recent downtrend as it made an upside breakout from the neckline of its double bottom pattern on the daily time frame.
The Australian Dollar has rallied after the Reserve Bank of Australia held key interest rates at 2.50% and made no suggestions of further rate cuts. In addition Australian GDO came in at 0.6% for the second-quarter of...
The USD/JPY pair went back and forth during the session as the pair has broken out over the last 24 hours. That being said, we have been waiting for daily close above the 99 handle, and we...
The USD/CAD pair fell during the session on Tuesday, but as you can see the 1.05 level continues offer support. This market looks like it’s going to continue higher, but is going to be a bit of...
The GBP/USD pair rallied during the session on Tuesday, but gave back quite a bit of the gains in order to form something along the lines of a shooting star, or possibly a neutral candle. However,
The EUR/USD pair fell during the majority of the session on Monday, but as you can see got enough of a bounce in order to form a hammer.
The AUD/USD pair broke higher during the session on Tuesday, closing well above the 0.90 handle. While this is a positive development in this market, it’s obvious that the 0.9050 level has been resistive previously, and therefore...
People who trade in stocks and foreign exchange (forex) might have often come across the term leverage. Leverage is most prominently used in the futures and the forex trading. Basically, leverage gives an investor the opportunity of...
Dollar strength is still dominating price action but the move might be overdone on USD/CHF pretty soon. The 4-hour time frame shows that a resistance level is just around the corner and close to the .9400...
