0.0 00 Talking points to consider in this Forex market: US Dollar finds some point and sees a sharp gain. Too much intervention risk to justify any trade. Trade strategy: Stand aside The USD/CNH Forex market, …
Read More »EUR/USD – The Euro Continues to Consolidate
0.0 00 EUR/USD (1.0894) Some points to consider in this Forex market: The euro continues to consolidate in a narrow trading range above 1.08. There is no actionable short euro trade signal now. Trade strategy: Stand …
Read More »S&P ASX 200 – Retracing Gains Lower
0.0 00 S&P ASX 200 (4,858.70) Points to consider in this article: There is still upward momentum despite the breaks in support levels. Today’s support levels remain at 4,755. Also at the triple bottom at 4,862 …
Read More »EUR/GBP – Euro Forming a Top Below 0.76
0.0 00 EUR/GBP (0.7553) Points to consider in this Forex market: EUR/GBP inches higher as this market has seen its strongest close in nearly one year. Negative RSI hints at ebbing bullish momentum, Trade strategy: Stand …
Read More »Nikkei 225 – Choppy Trading Days Ahead in Japan
0.0 00 Nikkei 225 (17,240.95) Points to consider in this article: Now looking at the 10 day moving average near 17,770 for resistance. Support now at 16,890. Choppy trading ahead. Trade strategy: Stand aside The Nikkei …
Read More »EUR/GBP – The BOE Policy Meeting is Looming
0.0 00 We did speak about the EUR/GBP yesterday. This Forex market continues to inch higher. With the up comping BOE policy licy meeting in sight, something needs to give. The EUR/GBP Forex market gapped higher as …
Read More »USD/CNH – The Yuan Breaks a Record Higher
0.0 00 USD/CNH (6.5746) Points to consider in this Forex market: Offshore yuan trading stages sharp rebound for China’s Renminbi (Yuan). Single daily gain record since 2010. Policy intervention risks warns to stay flat for now. …
Read More »EUR/GBP – The Euro Breaks the Double Top
0.0 00 Some points to consider in this Forex market: The euro is now trading near a 10 month high. Waiting for this recovery to lose momentum in line with my euro outlook for a short …
Read More »NZD/USD – The New Zealand Kiwi Marches Lower
0.0 00 NZD/USD (0.6557) Points to consider in this Forex market: The NZD/USD is falling for the eighth day in a row. Too close to a support level to enter a short NZD trade now. Trade …
Read More »AUD/USD – The Ozzie Now Taking Aim at the 4 Month Low
0.0 00 Talking points to consider in this Forex market: Australian Dollar now eying the 4 month low. The AUD/USD Forex market has seen 5 days of losses. Waiting on short sale setup. Trade strategy: Stand …
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