AUDUSD has been trending lower on its 1-hour forex chart, moving inside a descending channel connecting the highs and lows of price action since last month. Price is currently testing the resistance at the .7100 major psychological...
The USD/JPY pair initially fell during the course of the day on Tuesday, but turned back around to form a bit of a hammer. The hammer of course suggests that the market is ready to go higher,...
The USD/CAD pair fell initially during the day on Tuesday, but found enough support below to turn things around and form a bit of a hammer. With this being the case, the market looks like it is...
The GBP/USD pair initially fell during the day on Tuesday, but broke back to the upside and above the 1.52 level during the day. Nonetheless, we are still very much in consolidation, so we feel that this...
The EUR/USD pair broke lower during the course of the session on Tuesday, as the Euro continues to soften in general. With this, we believe that the market is ready to go much lower, with our target...
The AUD/USD pair broke higher during the course of the session on Tuesday, but ultimately is still simply consolidating overall. The 0.7150 level above has offered resistance recently, and as a result we believe that it is...
The GBP/USD pair initially fell during the course of the day on Monday, but found enough support at the 1.52 level to turn things back around to form a bit of a hammer. This being the case,...
The USD/JPY pair broke higher during the course of the session on Monday, as we continue to extend the gains for the US dollar. With this being said, it looks as if we are going to try...
The USD/CAD pair went back and forth during the course of the session on Monday, ultimately forming a little bit of a shooting star. The shooting star of course suggests that we are going to fall from...
The EUR/USD pair initially gapped lower at the open on Monday, mainly as a knee-jerk reaction to the Parisian terror attacks in our opinion. However, we feel that gap and then ended up forming a relatively negative...
