USDCAD has formed lower highs and higher lows, creating a symmetrical triangle pattern on its daily time frame. Price is just coming off a test of the triangle resistance and looks ready to make a test of...
The USD/JPY pair rose during the day on Tuesday, as there was more of a “risk on” type of move in the financial markets. However, there is still one out there that could move the markets in...
The USD/CAD pair initially fell during the day in a bit of a “risk on” type of move. However, the 1.30 level has offered enough support to turn the market back around and form a bit of...
The GBP/USD pair rose slightly during the course of the session on Tuesday, but did get back some of the gains. This is essentially a “dead cat bounce” of sorts, because we do know that the British...
The EUR/USD pair rallied initially during the day on Tuesday, filling the gap from Monday. However, you can see that we turn right back around and we are now looking very soft and could very well drift...
The Australian dollar initially bounced against the US dollar during the day on Tuesday, but gave back most the gains in order to form a bit of a shooting star. This is obviously a very negative sign,...
AUDNZD confirmed a long-term reversal pattern, breaking below the neckline of its double top formation on the daily time frame. This signals that price could fall by around 800 pips, which is the same height as the...
The USD/JPY pair had a very volatile session on Monday, chopping around in a fairly tight range. At this point in time, the Bank of Japan has not officially announced that it has intervened in the currency...
The USD/CAD pair rose during the day on Monday, breaking above the 1.30 level as oil markets fell, and of course the US dollar was purchased in order to get away from other currencies. At this point...
The GBP/USD pair gapped lower at the open on Monday as anticipated, and as a result we continue to see selling pressure. It looks as if the market is going to continue to be a bit on...
