0.0 00 The USD/JPY continues to stall near the pivot at ¥119. Investors are waiting on the US GDP and other data due this week before making big moves. At this point, we need a daily …
Read More »EUR/USD—Taking a Breather above 1.07
0.0 00 EUR/USD (1.07321) Resistance Levels: 1.1039, 1.1265, 1.1515 Support Levels: 1.0711, 1.0460, 1.0245 The Euro is currently taking a breather after moving higher against the US Dollar. Please refer to the below daily MT 4 …
Read More »Technical Analysis: AUD/USD—Trading Flat in a Narrow Range
0.0 00 AUD/USD (0.7760) Resistance Levels: 0.7732, 0.79, 0.8057 Support Levels: 0.7560, 0.7420, 0.7261 The AUD/USD continues to tread water. We are trading in a narrow price range above the key pivot of 0.75, support up …
Read More »USD/JPY—The Dollar Remains Stuck Below the Pivot at ¥122
0.0 00 USD/JPY (121.002) Resistance Levels: 121.90, 123.87, 125.85 Support Levels: 120.81, 119.70, 117.18 Trade Strategy: Stand Aside The USD/JPY remains below the key pivot at ¥122. The Dollar is having trouble breaking this rather formidable …
Read More »USD/CAD Technical Analysis March 9, 2015
0.0 00 The USD/CAD pair broke higher during the course of the session on Friday, testing the very top of the descending triangle that we have been bouncing around in. Because of this, it appears the …
Read More »NZD/USD Technical Analysis March 6, 2015
0.0 00 With today being nonfarm payroll Friday, it’s very likely that we will see a lot of movement in the Forex markets. The Americans are expected to have had 240,000 jobs added to the payroll …
Read More »EUR/USD Technical Analysis March 5
0.0 00 The EUR/USD pair broke down during the session on Wednesday, slicing through the 1.11 handle. With that, it looks as if the markets ready to continue to go much lower, and I believe that …
Read More »GBP/USD Technical Analysis for March 4, 2015
0.0 00 The GBP/USD pair fell initially during the session on Tuesday, but found enough support near the 1.5350 level to turn things back around and form a hammer. This hammer of course suggests that the …
Read More »EUR/USD Technical Analysis March 3, 2015
0.0 00 The EUR/USD pair tried to rally during the session on Monday again, but as you can see ended up pulling back to form a shooting star. This isn’t much of a surprise though, the …
Read More »USD/JPY Technical Analysis – February 25, 2015
0.0 00 The USD/JPY pair broke higher during the course of the day on Friday, clearing the top of the shooting star from the Thursday candle. Because of this, the market looks as if it is …
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