GBPNZD has been trending lower on its 1-hour time frame, with a descending trend line connecting the latest highs of price action. The pair bounced off the 2.1000 major psychological mark and might be due for a...
USDCAD has been trending lower, moving inside a descending channel pattern on its 4-hour time frame. Price is now making its way close to the channel support near the 1.2700-1.2750 and might be due for a bounce. ...
The USD/JPY pair initially tried to rally during the course of the session on Monday, but we turn right back around to form a bit of a shooting star. This suggests that we are going to go...
The USD/CAD pair broke down during the course of the day on Monday, clearing the bottom of the trend line that had been keeping this market somewhat afloat. Having said this, we have not made a fresh,...
The GBP/USD pair rose during the course of the session on Monday, showing quite a bit of strength. Ultimately, this is a market that has been consolidating between the 1.40 level on the bottom, and the 1.45...
The EUR/USD pair went back and forth during the course of the day on Monday, showing quite a bit of confusion at the 1.14 handle which of course is the beginning of massive resistance. It extends all...
The AUD/USD pair initially tried to pull back during the course of the session on Monday but then ended up rallying. This is a market that continues to consolidate between the 0.75 level, and the 0.77 level,...
GBPJPY has been trending lower on the longer-term time frames but it looks like a retracement is in order. Price bounced off the 151.50 minor psychological support and might be due for a pullback to the descending...
GBPUSD has formed a head and shoulders pattern on its 4-hour time frame, suggesting a potential reversal from the previous uptrend. Price is testing the neckline around the 1.4050-1.4100 levels and a break could be enough to...
The USD/JPY pair initially tried to rally during the course of the session on Friday, but turned right back around in order to form a bit of a shooting star. This suggests that we are going to...
