0.0 00 USD/JPY (¥116.517) Resistance Levels: 117.80, 119.05, 120.30 Support Levels: 116.30, 115.40, 113.80 The almighty buck, better known as the U.S. Dollar, is now vulnerable against the yen. We are seeing it lose momentum as we …
Read More »EUR/USD Fails at Key Pivot and Moves Lower
0.0 00 EUR/USD (1.2496) Resistance Levels: 1.2560, 1.2620, 1.2685 Support Levels: 1.2480, 1.2435, 1.2360 The euro continued its advance versus the dollar today but has found resistance near 1.2560 and failed. Please refer to the above …
Read More »The Kiwi/Dollar Crawls Higher
0.0 00 NZD/USD 0.7946 The Kiwi is showing some resilience. It has not fallen but shown us it has the capacity to gap higher. Let’s look at the above daily MT 4 chart. Usually, when a …
Read More »Is the Cable Trying to Recover from Near 1.5580?
0.0 00 GBP/USD (1.5720) Resistance Levels: 1.5730, 1.5810, 1.5950 Support Levels, 1.5665, 1.5575, 1.5490 The GBP/USD is trying to bounce higher. We are bouncing off a minor support near 1.5580 where it was trading at a …
Read More »The Dollar Could Turn Lower Versus the Yen
0.0 00 USD/JPY (¥115.835) Resistance Levels: 116.30, 117.80, 119.08 Support Levels: 115.35, 113.80, 112.75 The U.S. Dollar is losing steam versus the Yen. Let’s look at the above daily MT 4 chart where we note ebbing …
Read More »Dollar/Swissy Sees a Top Forming
0.0 00 USD/CHF (0.9646) Resistance levels: 0.9705, 0.9760, 0.9805 Support Levels: 0.9590, 0.9555, 0.9505 The U.S. Dollar appears to be forming a short term top near 0.9740. Please refer to the above daily MT 4 chart. …
Read More »The Dollar/Yen Tries to Push Past its High
0.0 00 USD/JPY (¥115.707) The USD/JPY continues to keep us on the edge of our seats as we are waiting to see if we can find the strength to break above the peak at 115.98/116.00. Right …
Read More »Still Staying Bearish with the Euro
0.0 00 EUR/USD (1.2462) The euro is still trading below the key technical level at 1.25. Please refer to the above daily MT 4 chart. This weakness was confirmed after piercing line candlestick failed to confirm …
Read More »The GBP/USD Traders Should Wait on a Clearer Trading Signal
0.0 00 GBP/USD (1.5839) Resistance Levels: 1.5895, 1.5990, 1.6180 Support Levels: 1.5680, 1.5530, 1.5370 The Sterling, or the British Pound, has been gaining some ground versus the U.S. Dollar. This move has been very cautious as …
Read More »EUR/USD Falls as Sellers Eye Below 1.23
0.0 00 EUR/USD (1.2373) Resistance Levels: 1.2430, 1.2605, 1.2690 Support Levels: 1.2290, 1.2145, 1.1970 The euro continue to shrink as traders were not very impressed with what Mario Draghi had to say after the ECB rate …
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