0.0 00 Looking at the headline EUR/USD currency exchange rate, the euro currency is trading around 1.2140 seeing marginal gains during the early Asian trade session on Wednesday. Yesterday the euro currency, on the above four …
Read More »New Zealand Dollar Plays out a Head and Shoulders
0.0 00 The New Zealand dollar on the above four hour MT 4 price action chart is indicating a bullish reversal thanks to a head and shoulders chart formation in the NZD/USD currency exchange rate. The …
Read More »British Pound forms a Bullish Pin Candlestick
0.0 00 Looking at the benchmark GBP/USD currency exchange rate on the above daily MT price action chart, the British pound has formed a bullish pin bar candlestick during the early Asian trade session. The British …
Read More »US Dollar Loses Steam at 1.28 against the Loonie
0.0 00 Looking at the US dollar on the above four hour MT 4 price action chart, the benchmark USD/CAD currency exchange rate is trying to extend last week’s rally but coming up short. This recovery …
Read More »Euro Curreny Challenges the 50 Day SMA
0.0 00 Looking at the world’s most liquid currency exchange rate, the EUR/USD Forex market, on the above daily MT 4 chart, the euro currency (EUR) is under pressure as downside momentum has returned in force. …
Read More »Japanese yen Trades within Descending Channel
0.0 00 Looking at the Japanese yen (JPY) on the above USD/JPY daily MT 4 price action chart, the U.S. dollar remains in a descending channel that has dominated price action since last March. The economic …
Read More »British Pound Consolidates below key Barrier at 1.37
0.0 00 Looking at the British pound on the above hourly MT 4 price action chart, the benchmark GBP/USD currency exchange rate is consolidating just below the key psychological level of 1.37. Fundamentally British pound traders …
Read More »New Zealand Dollar breaks above Key Trend Line
0.0 00 Looking at the above hourly NZD/USD MT 4 price action chart, the New Zealand dollar has broken above a key falling trend line. This happened on Thursday. This trend line linked the 6, 8 …
Read More »WTI Crude Oil trades around $52 per Barrel
0.0 00 Looking at the U.S. West Texas Intermediate (WTI) crude oil futures contract on the above hourly MT 4 price action chart, oil is trading around $52 per barrel in a choppy price pattern as …
Read More »Australian Dollar trades within a Pennant Pattern
0.0 00 Looking at the benchmark AUD/USD currency exchange rate on the above four (4) hour price action chart, the sentiment and commodity linked Australian dollar (AUD) closed on Wednesday down about half (0.5) percent on …
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