AUD/USD is testing a key support level at the moment, as the .8950 level is in line with the pair’s lows for the year. Stochastic is pointing up, indicating a potential bounce but fundamental factors are hinting...
The USD/JPY pair pulled back on Monday, but found enough support to pop back above the 103 level and form a nice-looking hammer. This hammer suggests that we are going higher, which is what we believe in...
The USD/CAD pair fell during the session on Monday, but as you can see bounced enough to form a hammer that closed just underneath the 1.06 level. We believe that the area that we are currently and...
The GBP/USD pair trying to rally during the session on Monday, but as you can see ran into too much resistance of the 1.6350 handle. The resulting resistance pushed the market lower, and formed a shooting star....
The EUR/USD pair tried to rally during the session on Monday, but as you can see failed at the 1.38 level yet again. This area has been resistance for some time now, and as a result we...
The AUD/USD pair went back and forth during the session on Monday, essentially doing nothing at the end of the day. As we ended the day basically unchanged, this market looks like it’s still comfortable being below...
A spread is the difference between the price a trader pays and the price offered by a broker. It is expressed in pip/s. For instance, a trader’s price is 4.000 and a broker’s offer is 3.500, the...
USDCAD is facing 1.0561 support, a breakdown below this level will indicate that lengthier consolidation of the uptrend from 1.0182 (Sep 19 low) is underway, then deeper decline to 1.0500 area could be seen. On the upside,...
USDCHF’s downward movement from 0.9249 extended to as low as 0.8839, the subsequent bounce suggest that consolidation of the downtrend is underway. Resistance is located at the upper line of the price channel on 4-hour chart, as...
USDJPY remains in uptrend from 96.94 (Oct 25 low), the fall from 103.92 could be treated as consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long...
