0.0 00 Looking at the spot silver contract, for front end delivery, price action is within a falling trend channel moving quietly around $21.15 to $21.20 per ounce. Right now, the silver futures contract is also …
Read More »Euro Looks Weak while Below the 20 Day SMA
0.0 00 Last week, the euro currency fell lower against the U.S. dollar for the second week in a row. Looking at the above daily EUR/USD MT 4 chart, there could be more losses ahead for …
Read More »Spot Gold Remains in Descending Channel
0.0 00 The spot gold futures contract (XAU/USD), continues to move lower in a descending price action channel. Gold is under pressure from a stronger U.S. dollar which has gotten a boost from rising Treasury yields. …
Read More »Euro Currency turns South against the Greenback
0.0 00 What goes up must come down. The euro currency is trading near a three month low price point against the U.S. dollar after market sentiment soured and Forex traders moved into safe haven asset …
Read More »Dollar Looks Higher after a Head & Shoulders Forms
0.0 00 Looking at the benchmark USD/CAD Forex market, the almighty dollar has seen some small gains against the Canadian currency. This currency exchange rate is above 1.2660 during the early Asian trade session on Friday. …
Read More »Euro Currency looks to add to its Gains against the Dollar
0.0 00 Looking at the benchmark EUR/USD currency exchange rate, the euro currency is trying to gain ground after Forex traders successfully defended the one hundred (100) day simple moving average on the above MT 4 …
Read More »Dollar looks to Extend its Recovery from the Weekly Low
0.0 00 Looking at the USD/CAD Forex market, on the above hourly MT 4 price chart, the U.S. dollar has recovered off the weekly low price point but fallen towards 1.2630 during the Asian trade session …
Read More »New Zealand Dollar Retreats from January High
0.0 00 Looking at the NZD/USD currency exchange rate on the above daily MT 4 price action chart, the New Zealand dollar has fallen to an intra-day low of 0.7260 during the early Asian trade session …
Read More »WTI Crude Confirms Bearish Head and Shoulders Pattern
0.0 00 Looking at the benchmark U.S. West Texas Intermediate (WTI) crude oil futures contract, has moved below $59.85 per ounce during the Asian trade session on Tuesday and is currently trading near $59.60 per barrel. …
Read More »British Pound falls back to Earth after Spiking
0.0 00 Looking at the British pound on the GBP/USD daily MT 4 price action chart, this benchmark Forex market spiked too high and too fast to keep up with the pace of buying. The 14 …
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