0.0 00 Some points to consider in this Forex market: Former resistance cluster is now support at 121.74 to ¥122. USD/JPY is looking to test the 2015 highs near 125.28 and 125.85 if resistance breaks. Trade …
Read More »EUR/GBP – Euro Sellers Looking for Momentum
0.0 00 EUR/USD (0.7092) Some points to consider in this Forex market: The euro falls for three days in a row after dialing at the trend line resistance. Short trade still in play with stop loss …
Read More »AUD/USD – Short Australian Dollar Trade Now Active
0.0 00 AUD/USD (0.7076) Some points to consider in this Forex market: AUD/USD is below the two month support line, hinting at AUD weakness ahead. Short Australian Dollar trade has been triggered with initial target of …
Read More »USD/CAD – US Dollar Breakout is Looming
0.0 00 Some points to consider in this Forex market: The November range bottom is now strong support at 1.3038. USD/CAD looking to challenge the 2015 highs should 1.3458 break. Trade Strategy: Standing aside waiting on …
Read More »WTI Crude – Support at $43 Needs to Hold
0.0 00 WTI Crude (44.16) Some points to consider in this commodity market: Two month support now coming under pressure. There is a morning star in late October which could provide technical guidance going forward. Trade …
Read More »EUR/USD – Waiting on a Short Euro Trade
0.0 00 EUR/USD (1.0739) Some points to consider in this Forex market: The euro is still trading a bit flat after falling the most it in 2 weeks to a six month low. Short sale favored …
Read More »GBP/USD – The Sterling Gaps Through Support Levels
0.0 00 Some points to consider in this Forex market: After gapping lower, traders should be cautious to enter a short trade or chase the down-trend in the GBP/USD market. We have a week of data …
Read More »AUD/USD – The Australian Dollar’s Move Higher Stalls
0.0 00 AUD/USD (0.7145) Some points to consider in this Forex market: There is a bullish engulfing candlestick hinting to an Australian Dollar recovery. Waiting on a short AUD sale to come along. The Bank of …
Read More »EUR/USD – The Euro Falls to a Three Month Low
0.0 00 EUR/USD (1.0868) Some points to consider in this Forex market: The EUR/USD continues to sink lower and is at a fresh three month low. Waiting, patiently, for another opportunity to go short euro. Once …
Read More »USD/JPY – The Dollar Looking to Breakout Higher
0.0 00 Some talking points in this Forex market: USD/JPY moving higher will align itself with the equity highs as is moves to an all-time high. The technical resistance levels to watch closely are 121.82 and …
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