0.0 00 GBP/USD (1.5010) Resistance Levels: 1.51, 1.5170, 1.5270 Support Levels: 1.5025, 1.4905, 1.4805 Trade Strategy: Stand Aside The GBP/USD continues to look for direction just above the key pivot at 1.50. We are seeing a …
Read More »USD/CAD Technical Analysis – February 2 2015
0.0 00 The USD/CAD pair broke higher during the course of the session on Friday, as we continue to drive higher in this market. The pair continues to be a bit of a “perfect storm” as …
Read More »EUR/USD—Bounce Higher Could be in the Cards to Set up a Short Trade
0.0 00 EUR/USD (1.1310) Resistance Levels: 1.1340, 1.1445, 1.1660 Support Levels: 1.1205, 1.1075, 1.0860 Trade Strategy: Stand Aside The EUR/USD is searching for a bottom and might have find a short term one. The Euro appears …
Read More »EUR/JPY—The Euro Looking to Climb Higher
0.0 00 EUR/JPY (¥133.634) Resistance Levels: 134.78, 137.65, 139.94 Support Levels: 131.50, 129.70, 126.85 Trading Strategy: Stand Aside Looking at the below EUR/JPY daily MT 4 daily chart, we note the morning star candlestick. This hints …
Read More »USD/CHF—The Dollar is Turning back Lower
0.0 00 USD/CHF (0.9181) Trading Strategy: Stand Aside Resistance Levels: 0.9040, 0.9270, 0.95 Support Levels: 0.8758, 0.8580, 0.83 Looking at the below daily MT 4 chart, we note the US Dollar is preparing to make another …
Read More »USD/JPY—The Dollar Breaks through the Range Floor
0.0 00 USD/JPY (¥117.905) Trade Strategy: Stand Aside Resistance Levels: 117.70, 118.85, 120.80 Support Levels: 116.95, 116.40, 115.80 The USD/JPY is setting itself up for steeper losses as the Dollar is losing some steam in this …
Read More »GBP/USD—The British Pound is Trying to Push Higher after Finding a Bottom
0.0 00 GBP/USD (1.5164) Resistance Levels: 1.5160, 1.5270, 1.5290 Support Levels: 1.5090, 1.4980, 1.4890 The Sterling has found an interim bottom just below the key pivot at 1.50, and is attempting to push higher versus the …
Read More »USD/JPY—Sideways Trading Continues
0.0 00 USD/JPY (¥118.148) Strategy: Stand Aside Resistance Levels: 119.50, 120.80, 121.90 Support Levels: 117.65, 115.50, 113.50 The USD/JPY Forex pair continues to trade quietly as it is consolidating recent gains. If you note the below …
Read More »EUR/USD- The Euro Rout Continues, but Standing Aside on a Short… for now
0.0 00 EUR/USD (1.1172) Strategy: Stand Aside Resistance Levels: 1.1415, 1.15, 1.1515 Support Levels: 1.1125, 1.0990, 1.0550 The euro continues to lose value against the US Dollar. Last week, we saw its biggest intraday, then daily …
Read More »EUR/JPY—The Euro Stalls Just above ¥137 and Collapses
0.0 00 EUR/JPY (¥134.487) Trade Strategy: Stand Aside Resistance Levels: 135.45, 137.65, 139.20 Support Levels: 134.05, 131.85, 130.10 The euro did see a brief recovery here then stalled above the key pivot at ¥137before collapsing against …
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