The AUD/USD pair rose during the bulk of the session on Wednesday, but as you can see fell from the 0.9050 handle, forming a shooting star. The shooting star sitting on top of the 0.90 level, and...
Today’s trading session once again was subject to conflicting economic reports. The past six to eight weeks more and more reports show the global economy expanding at a much slower pace than previously expected. Overall traders continue...
AUD/USD made a strong break above a recent resistance level, thanks to reassuring comments from Fed Chairperson Janet Yellen. However, price seems to be stalling around the .9000 major psychological level and might need to make a...
The USD/JPY pair rose during the session on Tuesday, using the 102 level as a springboard. Part of this would’ve been because of the Federal Reserve continuing to taper according to Janet Yellen’s words, and as a...
The USD/CAD pair fell during the session on Tuesday, but remained respectful of the 1.10 level as support. With that, we feel that supportive candles in this general vicinity should be buying opportunities, and as a result...
The GBP/USD pair rose during the session on Tuesday, but found enough resistance of the 1.65 level in order to pull back and give half of the gains back out. The market continues to look bullish, and...
The EUR/USD pair tried to rally during the session on Tuesday, but as you can see the market failed to hang onto the gains and ended up forming a shooting star at the 1.3650 level. With that,...
The AUD/USD pair broke out during the session on Tuesday, slamming through the 0.90 handle. However, we did not break the highs from early January, so even though it’s a strong sign, we haven’t technically broken out...
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USDCAD remains in downtrend from 1.1224, the rise from 1.0967 could be treated as consolidation of the downtrend. Deeper decline would likely be seen, and next target would be at 1.0800 area. Resistance is at 1.1100, only...
