0.0 00 Looking at the AUD/USD currency exchange rate on the above the above daily MT 4 price action chart, the Australian dollar is trading near a multi-year high price point of 0.7819/20. This price point …
Read More »Euro Needs a Close above 1.22 to Negate a H&S Pattern
0.0 00 Looking at the benchmark EUR/USD currency exchange rate on the above four (4) hour MT 4 price action chart, the euro currency needs a daily close shove 1.22 in order to defend the current …
Read More »WTI Crude Oil Breaks below Key Hourly SMA’s
0.0 00 Looking at the widely traded West Texas Intermediate (WTI) crude oil futures oil contract, this contract has broken below the one hundred and two hundred (100, 200) hourly simple moving averages (SMA). These simple …
Read More »British Pound Falls from a 4 Month high at 142.34
0.0 00 The British pound on the above GBP/JPY daily MT 4 price action chart has pared back early gains made during today’s early Asian trade session. This market fell from an intraday high of 141.65 …
Read More »Euro Breaks above Falling Wedge Formation
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 …
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