The USD/JPY pair initially fell on Friday, but turn things back around to form a relatively positive candle. However, the candle did not break out of the recent consolidation, so we aren’t overly impressed by this move...
The USD/CAD pair fell during the bulk of the day on Friday, slashing through the 1.08 handle. That area has been significant support, and the fact that we broke down below it is indeed a significant very...
The GBP/USD pair tried to rally initially during the session on Friday, but pulled back to test the 1.70 level. This level was the site of a significant breakout, so the fact that we pulled back during...
The EUR/USD pair went back and forth during the session on Friday, as we continue to hover in a fairly tight consolidation zone. With that being the case, we are not interested in plain this market at...
The AUD/USD pair initially rose during the course of the session on Friday, but found enough resistance again to turn things back around and form a shooting star, just as we did on Thursday. Because of this,...
GBP/CHF’s uptrend is still intact, as seen on the 4-hour forex chart with an ascending trend line connecting price lows. Stochastic still hasn’t reached the oversold zone, which suggests that a deeper pullback might happen before...
The USD/JPY pair fell initially during the session on Thursday, but found enough support near the 101.50 region to bounce and form a hammer. This hammer suggests that we are going to bounce from here, and probably...
The USD/CAD pair fell during the bulk of the session on Thursday, but found enough support near the 1.08 handle to turn things back around and form a hammer. Because of that, we feel that the market...
The GBP/USD pair broke out during the session on Thursday, clearing the 1.70 level. That being the case, the market looks as if it’s ready to continue going higher, and this level giving way is a massively...
The EUR/USD pair tried to rally during the session on Thursday, but found the area above the 1.36 level to be a bit resistive, and turned things around to form a shooting star. This doesn’t surprise us,...
