The USD/JPY pair initially tried to rally during the session on Monday, but sold off in order to finish basically unchanged. This shows just how tight this market is at the moment, and therefore we are not...
The USD/CAD pair initially tried to rally during the course of the day on Monday, but as you can see pullback to form a shooting star. The shooting star courses negative, and it now looks as if...
The GBP/USD pair initially fell during the session on Monday, but found enough support at the 1.53 level to turn things back around and form a fairly positive candle. Because of this, it looks as if we...
The EUR/USD pair fell during the session on Monday, but found enough support near the 1.13 level to turn things back around and form a hammer. We have been consolidating between the 1.13 level and the 1.15...
The AUD/USD pair fell during the course of the day on Monday, dropping below the 0.78 level at one point during the day. It now appears that we could drop from here and head back towards the...
USDCAD is still stuck inside the descending triangle forex pattern on its 1-hour chart, as price just bounced off the bottom and is now testing the resistance. The top of the triangle at the 1.2600 major psychological...
USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2797. As long as 1.2352 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191 (Nov 21,...
USDJPY remains in downtrend from 120.47, the bounce from 118.23 could be treated as consolidation of the downtrend. Another fall to 116.50 area could be expected after consolidation, and a breakdown below 118.23 support could signal resumption...
AUDUSD failed to break above 0.7875 resistance, and stayed in the trading range between 0.7625 and 0.7875. Another fall to test 0.7625 support would likely be seen, a breakdown below this level will signal resumption of the...
GBPUSD is facing 1.5479 resistance, a break of this level will signal resumption of the uptrend from 1.4950, then next target would be at 1.5500 area. Support is at 1.5315, only break below this level will indicate...
