GBPAUD formed lower highs and found support at the 2.1425 level, creating a descending triangle pattern on its 4-hour forex chart. Price is currently testing the triangle support, with a potential breakdown likely to indicate the start...
EURAUD has just gotten rejected on its test of the range resistance at the 1.6200 major psychological level and is now headed towards support at the 1.5600-1.5650 area. This follows the formation of a double top pattern...
The USD/JPY pair tried to rally during the course of the day on Wednesday, but struggled above the 120 level. Ultimately, we pullback enough to form a shooting star and it now appears that the market simply...
The USD/CAD pair went back and forth during the course of the day on Wednesday, as we simply went sideways overall. Quite frankly, this is a pair that has a nice bullish under tone to it, and...
The GBP/USD pair initially tried to rally during the course of the day on Wednesday, but found the 1.52 level be far too resistive. By doing so, the market turned back around to form a bit of...
The EUR/USD pair fell during the course of the day on Wednesday, showing weakness. However, we recognize that the market has been consolidating between the 1.11 level below, and the 1.13 level on the top. With that,...
The AUD/USD pair went back and forth during the course of the day on Wednesday, testing the 0.70 level for support. Ultimately though, this market will probably be fairly quiet during the session today, as the jobs...
