USDCAD has been trending lower, thanks to the recent rallies in oil prices. Price has formed lower highs and lower lows, creating a descending channel pattern on its 4-hour chart. The pair just recently tested the resistance...
The USD/JPY pair fell during the course of the day on Tuesday, testing the 110 level. We did bounce from there though, as the market is preparing to deal with the FOMC Meeting Minutes. With that being...
The USD/CAD pair rose during the course of the day on Tuesday, but pullback a little bit to get some of the gains bank. Ultimately though, it does look like that we are trying to break out...
The GBP/USD pair fell during the course of the day on Tuesday, as we continue to bang around in a consolidation area in this market. Ultimately this is a market that seems like it is going to...
The EUR/USD pair initially fell during the course of the day on Tuesday, but turned right back around to form a bit of a hammer. That hammer suggests that we are going to try to go higher...
AUD/USD pair initially tried to rally during the day on Tuesday but turn right back around to fall into the 0.75 handle. The 0.75 handle has support all the way to the 0.74 level below it, so...
AUDNZD broke past the resistance around the 1.1000 major psychological level last month then zoomed up to the 1.1300 levels before showing signs of a pullback. Applying the Fib tool on the latest swing high and low...
The USD/JPY pair initially tried to rally during the course of the day on Monday but turned back around to form a bit of a shooting star. However, we do have a significant amount of support just...
The USD/CAD pair went back and forth during the course of the session on Monday, as we continue to bounce upon the 1.30 level. We have a massive uptrend line just below though, so with that it’s...
The GBP/USD pair went back and forth during the course of the day on Monday, as we gained some of the losses from the Friday session. This is a market that continues to grind sideways overall, with...
