0.0 00 WTI Crude Oil (47.67) Some point to consider in this commodity market: Momentum shows that crude oil can move higher. The next test for oil is at the 200 daily moving average (DMA). Trade …
Read More »AUD/USD – Bounce Higher Could be in the Cards
0.0 00 AUD/USD (0.7206) 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 upcoming RBA …
Read More »EUR/USD – Waiting to Enter another Short Euro Trade
0.0 00 Some talking points to consider in this Forex market: The EUR/USD is trying to correct higher after finding support below the 1.09 pivot. Bearish tone remains intact. Waiting on confirmation to re-enter an new …
Read More »NZD/USD – Test of Long Term Trend Line Possible
0.0 00 Some points to consider in this Forex market: The Kiwi Dollar is trying to finish a bullish flag chart pattern and resume its bounce higher against the US Dollar. Bullish move confirmed after breakout. …
Read More »EUR/GBP – Struggling to Find Follow Through Below 0.71
0.0 00 EUR/GBP (0.7142) Some talking points to consider in this Forex market: The euro has hit a new 11 week low. Price action is failing to find follow through below 0.71 against the Sterling. Short …
Read More »Video: EUR/USD – Keeping the Short Euro Sale Open for Now
0.0 00 Some points to consider in this Forex market: The EUR/USD has resumed its fall lower after a hawkish FOMC announcement. Short euro sale has hit its first target. Stop loss now at break even. …
Read More »USD/JPY – The Dollar Looks to Retest the Highs of 2015
0.0 00 USD/JPY (121.046) Some talking points in this Forex market: The current US Dollar strength could coincide and merge with the Bank of Japan rate decision. Price action is finding resistance at the 200 day …
Read More »Video: NZD/USD – The Kiwi Dollar can’t Find Momentum
0.0 00 Some points to consider in this Forex market: The New Zealand Dollar is trading near a two week low. No confirmation of a shift in sentiment as range support is intact. Risk to reward …
Read More »EUR/GBP – Euro Hits a 2 Month Low
0.0 00 EUR/GBP (0.7470) Some points to consider in this Forex market: The selloff with the euro continues to accelerate in this Forex market. Corrective bounce higher failed to gain any momentum Trade strategy: Short euro …
Read More »EUR/USD – Short Euro Trade Progressing Nicely
0.0 00 EUR/USD (1.0924) Some points to consider in this Forex market: The EUR/USD has resumed its fall lower after a hawkish FOMC announcement. Short euro sale has hit its first target. Stop loss now at …
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