The USDJPY pair broke higher during the course of the session on Tuesday, breaking above the top of the shooting star from the Monday session. Because of this, I believe that the market is going to continue going higher, as the Bank of Japan has worked against the value of the Yen and of course the Federal Reserve looks much more likely to potentially raise interest rates in the fairly
AUDUSD continued its downward movement from 0.7755, and the fall extended to as low as 0.7500.
EURUSD’s downward movement from 1.1366 extended to as low as 1.1132.
The USDCAD pair initially fell during the course of the day on Friday, but turned around and form a hammer yet again.
The GBPUSD pair initially tried to rally during the course of the day on Friday but turned right back around to form a shooting star. The shooting star sitting just below the 1.32 level suggests that we could see more selling.
The AUDUSD pair went back and forth during the course of the session here on Wednesday, as we continue to try to build up enough momentum to make a significant move.
The EURUSD pair fell slightly during the course of the session on Wednesday, as we continue to try to find buyers just below.
The EURUSD pair initially tried to rally during the course of the session on Monday, but then broke down at the 1.1350 level.
The AUDUSD pair initially tried to rally but we turn right back around to form a shooting star.
USDCAD was previously trading inside an ascending channel pattern before breaking lower to signal a reversal. Price hit a low of 1.2762 before pulling up and indicating that a retracement to the broken support area could be in order.
