The recent downtrend on GBPJPY might soon turn, as the pair formed an inverse head and shoulders reversal pattern on its 1-hour chart. Price is currently testing the neckline around the 186.50 minor psychological level and a...
The USD/JPY pair broke higher during the day on Wednesday, as we continue to consolidate between the 118.50 level and the 122 level. With this, we feel that any pullback at this point in time is probably...
The USD/CAD pair went back and forth during the day on Wednesday as the Bank of Canada had an interest rate announcement. However, we are most certainly in a decent uptrend, and we are only looking to...
The GBP/USD pair fell during the day on Wednesday, as we pulled back from the gains that we have had over the last couple of days. With that, the market looks as if today will be a...
The EUR/USD pair went back and forth during the day on Wednesday, as we continue to find support somewhere near the 1.1150 handle. We believe that support extends all the way down to the 1.11 level, so...
The AUD/USD pair fell during the course of the day on Wednesday, as the area above the 0.70 level continues offer resistance. We are not surprised in this move, and we believe that a move back below...
USDCAD has been moving sideways for quite some time, but the pair seems to have formed lower highs on the 1-hour time frame. Price is also finding support at the 1.3150 minor psychological level, creating a descending...
The USD/JPY pair broke higher during the course of the session on Tuesday, breaking above the 120 level. However, that area offered a bit too much in the way of resistance and we feel that a pullback...
The USD/CAD pair broke down during the day on Tuesday, but we still think that there is plenty of support below that could turn this market back around. With this, supportive candle has us buying. However, you...
The GBP/USD pair broke higher during the course of the day on Tuesday, testing the 1.54 level. However, we have recently broke down below and uptrend line that was very important, so we are not willing to...
