The EUR/USD pair fell significantly during the course of the day after the ECB Monetary Policy Statement came out. However, the 1.08 level offered enough resistance to cause the market to bounce, and at the time of...
The AUD/USD pair initially fell during the open on Thursday, but then rallied to test the 0.70 level. We still think there is more than enough resistance above to keep this market down though, so we don’t...
USDCAD has been trending higher on its long-term time frames, with the recent selloff offering an opportunity to catch the uptrend. On the 4-hour time frame, an ascending trend line can be drawn to connect the recent...
The USD/JPY pair broke down during the course of the session on Wednesday, testing the 116 handle. This is an area that offered a little bit of a bounce, but quite frankly we see more support down...
The USD/CAD pair fell initially during the day on Wednesday, but found enough support at the 1.45 level to turn things around and form a hammer. We had a Bank of Canada interest-rate announcement and policy statement...
The GBP/USD pair had a slightly positive session on Wednesday, as the 1.42 level continues to attract a lot of attention in this market. At this point, we think that any rally should end up being a...
The EUR/USD pair initially fell during the course of the day on Wednesday, but found enough buying pressure underneath to turn things back around and form a bit of a hammer. The hammer of course is a...
The AUD/USD pair fell during the day on Wednesday, but bounced off of the lows again, and therefore ended up forming a hammer. The hammer of course is a bullish sign, and as a result we could...
GBPJPY has been trending lower recently, moving below a descending trend line connecting the recent highs of price action. Price just broke below an area of interest at 166.50 then dipped to a low of 164.00 before...
The USD/JPY pair initially rose during the course of the session on Tuesday, but turned back around as the 118 level offered enough resistance to turn this market around and form a shooting star. The shooting star...
