EURJPY has formed lower highs and found support at 122.25, creating a descending triangle pattern on its 4-hour time frame. Price is currently testing the triangle resistance, still deciding whether to make a bounce or a break. ...
The USD/JPY pair fell initially during the course of the session on Wednesday, but at the end of the day will we are really looking at is the fact that we are starting to dig into significant...
The USD/CAD currency pair fell during the course of the session on Wednesday, as the 50 day exponential moving average sits just above. The 1.30 level above has been resistive, and it now looks as if we...
The GBP/USD pair initially fell during the course of the session on Wednesday but bounced off of the 1.44 level in order to form a nice-looking hammer. The hammer of course is very interesting because it forms...
The EUR/USD pair broke higher during the course of the day on Wednesday, clearing the top of the shooting star that formed on Tuesday, as well as the one that formed on Monday. With that being the...
The AUD/USD pair fell initially during the course of the session on Wednesday, but turned right back around to form a hammer. A break above the top of the hammer would be a buying opportunity and the...
AUDUSD recently broke above a double bottom neckline, signaling that a long-term uptrend might take place. Price reached a high of .7830 before showing signs of a correction. Applying the Fibonacci retracement tool on the latest swing...
NZDUSD recently broke below a long-term rising trend line, indicating that the previous uptrend might already be over. Price also formed a double top reversal pattern and broke below the neckline, adding confirmation that a downtrend could...
NZDUSD has formed a double top pattern on its 4-hour chart, signaling that a reversal from the previous uptrend might take place. Price just broke below the neckline around the .6800 major psychological level, which confirms that...
The USD/JPY pair rose during the course of the day on Monday, clearing the hammer that had formed on Friday. This is a very bullish sign, but keep in mind that this is a market that has...
