The EUR/USD pair initially fell during the course of the session on Tuesday, but found support just above the 1.09 level in order to form a hammer. The hammer of course suggests that the buyers are returning...
The AUD/USD pair initially fell during the course of the session on Tuesday, testing the 0.74 level. That area caused quite a bit of a bounce, and as a result it looks like we are going to...
USDCHF is currently testing the resistance of the symmetrical triangle visible on its daily forex chart. Price is also encountering a ceiling around the moving averages, indicating that a selloff might take place. Stochastic is still...
EURUSD has had trouble breaking past the 1.1400 major psychological barrier and has formed a double top pattern on its 4-hour chart. This reversal signal could indicate that the previous uptrend is over and that selling pressure...
The USD/JPY pair gapped lower at the open on Monday, but then turned back around to fill that gap. Ultimately, this market looks like it’s ready to continue going higher, and as a result we think that...
The USD/CAD pair initially fell during the course of the session on Monday, but found enough support below to turn things back around and form a fairly positive candle. Because of this, we believe that the market...
The GBP/USD pair broke higher during the session on Monday, as the 1.55 level offered quite a bit of support. That support is what we needed to see in order to start buying again, because we recognize...
The EUR/USD pair went back and forth during the course of the session on Monday as the referendum announcement in Greece came out. Because of this, we tested the 1.10 level, but it did hold. Because of...
The AUD/USD pair initially tried to rally during the course of the day on Monday, but found enough resistance above the 0.75 level to turn things back around and form a shooting star. The shooting star of...
After the huge weekend gap, USDJPY was able to test support at the bottom of the channel near the 121.50 minor psychological level. Price could make its way back to the top to test the resistance near...
