The USD/JPY pair initially fell during the day on Thursday, but found enough support near the 103.50 level to bounce and form a nice-looking hammer. Because of this, we feel that the market certainly will have buyers...
The USD/CAD pair fell during the day on Thursday, but as you can see bounced in order to form a bit of a hammer. With that being the case, it appears that the market may be trying...
The GBP/USD pair broke higher during the day on Thursday, but again the 1.66 level has offered enough resistance to turn the market back around and form a shooting star. With this, we feel that the market...
The EUR/USD pair tried to rally again during the session on Thursday, but yet again the 1.32 level has offered resistance, and therefore the market formed a shooting star again. The US dollar looks like its still...
The AUD/USD pair tried to break out during the day on Thursday, but struggled to get out of the consolidation area, forming a massive shooting star. The shooting star of course signifies that the bearish pressure is...
After rallying strongly last week, it appears that USDJPY could be in for a reversal as a head and shoulders pattern can be seen on its 1-hour forex chart. Price is currently testing the neckline of the...
The USD/JPY pair fell during the course of the day on Wednesday, testing the bottom of the hammer from the Tuesday session. Because of this, we feel that the market is probably going to grind in this...
The USD/CAD pair fell hard during the course of the day on Wednesday, breaking below the 1.09 handle, and even below the 1.0850 level during the day. With this, it looks like the market is ready to...
The GBP/USD pair tried to rally during the course of the day on Wednesday, but as you can see struggled to go to much higher than we started. The 1.66 level continues to offer resistance, and as...
The EUR/USD pair as you can see rose during the course of the session on Wednesday, testing the 1.32 level. The area has been resistive, and you can see that the gap lower that happened at the...
