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GBP/CHF rose during the trading session on Tuesday, but still has major resistance overhead. GBP/JPY finds itself forming a lackluster looking candle at the end of the Tuesday session, forming something along the lines of a shooting star-like candle. Play video >>
The EUR/USD rose during the Tuesday session, but ended up failing at the all-important 1.45 area.....and even formed a shooting star! The EUR/CHF pair rose strongly in the Tuesday session, but formed a shooting star on the 4 hour chart towards the end of the day as the momentum fell in later hours. Play video >>
USD/JPY looks set to test the resolve of many central banks under the 80 level. Look out. USD/CHF rose, then fell again on Monday, looking like a pair that wants to sell off. We look for further weakness going forward. Play video >>
The NZD/USD fell down towards the 0.81 level after a report of earthquake sent the markets down. The support area held, and it looks like it will continue to. NZD/JPY did the same thing, 0.65 being the supportive area. We can see a bounce coming as the area has held up so nicely. Play video >>
The longer-term charts going forward from June 13th. Featured are the USD/CAD, AUD/USD, and NZD/USD pairs. Play video >>
The GBP/USD fell hard, but currently is in "No Man's Land". Because of this, we mark out our important areas and wait. The GBP/CHF is falling apart, and sitting at all-time lows currently. Because of this, we think it falls again. Play video >>
The EUR/USD fell apart on Friday, but sits at a minor support area. The 1.4350 needs to hold if the bulls are going to have something to hang their hats on. The EUR/CHF looks horrible. It attempted to make all-time lows again on Friday, and looks set to reach our original target of 1.16 before it is all said and done. Play video >>
The AUD/CHF looks like it is basing in these levels as the last two days in a row have been hammers. Looking ahead - if we can get that break above the Thursday highs, we would be bullish for a few hundred pips. The NZD/USD looks as if it is running into a bit of resistance in the area it sits. The pair looks like it is about to enter a fairly quiet area, perhaps going range bound over the simmer as it is known for consolidating over long periods in time. Play video >>
The AUD/USD forms a hammer at an important area. Because of this - we think we may be getting a wildly bullish sign. The AUD/JPY looks somewhat similar, but not as clean. However, it's formation does make us believe that we are going to be looking at Aussie strength in general. Play video >>
The AUD/USD pair fell again on Wednesday, but looks to find support at the 1.06 level. The pair sin't showing a supportive bar by itself - so we wait to see one. We don't sell the AUD/USD at all. The AUD/NZD pair formed a hammer at the 1.30 area - exactly where you want to see it if you are a bull. The overall trend is still up, but we will have to contend with the 1.32 level if we are to enter bullish mode again. Play video >>