GBPUSD seems ready to resume its drop, as a head and shoulders pattern can be seen on its 1-hour time frame. This is a classic uptrend reversal signal, with selling pressure likely to increase once price has...
The USD/JPY pair rose slightly during the day on Monday, as we continue to see this market try to reach well above the 105 level. If we can break above the top of the shooting star from...
The USD/CAD pair initially rallied during the course of the day on Monday, but found the area above the 1.30 level a bit too exhausted, and as a result we turn right back around to form a...
The GBP/USD pair rose slightly during the day on Monday, as we continue to grind sideways in general. However, I see a massive amount of resistance above and the 1.35 level, and that extends to the top...
The EUR/USD pair went back and forth during the course of the day on Monday, as we continue to flood sideways. Ultimately if this point in time, the 1.10 level on the bottom is supportive, while the...
The AUD/USD pair gapped higher at the open on Monday, but then just sat there. Because of this, I don’t put too much stock into the Itself, but I do recognize that the market is trying to...
AUDUSD has been trending higher on the short-term time frames, moving above a rising trend line connecting the recent lows of price action. The pair is currently testing this support area and could be due for a...
EURUSD has been trading inside a range, moving between support at 1.1035 and resistance at 1.1150. Price is currently testing support at the bottom of the range and seems ready for a bounce back to the top. ...
Consider the common thread in these recent market calls: Forecast: A 70% decline in the base commodity that runs the industrialized world (when most traders were bullish). Forecast: A 30% plunge in shares of Wall Street’s favorite...
USDCAD is testing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then the following upward movement could bring price to 1.3600 area. Support is at 1.2460, only a breakdown...
