0.0 00 Points to consider with this euro Forex market: The euro is back to trading in its familiar trading range around 1.10/1.11. Technical models remain bearish, for now. Trade strategy: Short EUR sale at 1.1208 …
Read More »The Aussie Dollar Breaks Higher after the Fed
0.0 00 Points to consider with this Aussie Dollar Forex market: Aussie Dollar buyer are eyeing 0.77. Still no confirmation of a new bullish model nor a bearish signal. Will remain sidelined for now. Trade strategy: …
Read More »Euro is Forming a Critical Top against the Sterling
0.0 00 EUR/GBP (0.8590) Points to consider with this euro Forex Market: Possible shooting star candlestick forming near 0.86. Hints at a pullback. Reversal now would indicate a longer term head and shoulders pattern now in …
Read More »Key Trend Line Holds up in the Ozzie Dollar
0.0 00 The AUD/USD Forex market is attempting to move higher after the rising trend line support level held up. This trend line has been in play since January. This recovery is likely not to carry …
Read More »The Kiwi Dollar Stalls at the Trend Line
0.0 00 NZD/USD (0.7321) Points to consider in the Kiwi Dollar Forex market: The Kiwi Dollar is stalling near a four month old trend line. The US Federal Reserve and Reserve Bank of New Zealand (Fed, …
Read More »BOJ in-Fighting could drive the Yen Higher Hurting the GBP/JPY
0.0 00 The GBP/JPY Forex market has shown a sign it has hit a top around the round ¥139 number. Price action here formed a bearish evening star candlestick then moved lower. Since then, this Forex …
Read More »Kiwi Dollar Threatens the 3 Month Trend Line
0.0 00 NZD/USD (0.7283) Points to consider with the Kiwi Dollar Forex market: The Kiwi Dollar is challenging a 3 month old trend line. No trade from a risk to reward standpoint at this time. Trade …
Read More »The Aussie Looks towards the August Highs
0.0 00 Points to consider with the Aussie Dollar Forex market: Aussie Dollar recovers after a bullish Morningstar now targeting monthly high. Risk to reward considerations argue against placing any trade. Trade strategy: Stand aside The …
Read More »Kiwi Dollar Crashes through the Trend Line
0.0 00 Points to consider in this Kiwi Dollar Forex market: The Kiwi Dollar breaks below the short term trend line support. Waiting on better risk to reward parameters before taking on a short NZD sale. …
Read More »The Aussie Breaks the 3 Month Trend Line
0.0 00 AUD/USD (0.7553) Points to consider in the Aussie Dollar Forex market: Aussie Dollar breaks below the three month old trend line support. Short order set. Still need better risk to reward conditions. Trade strategy: …
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