0.0 00 EUR/USD (1.2522) Resistance Levels: 1.2602, 1.2705, 1.2885 Support Levels: 1.2430, 1.2285, 1.2140 The EUR/USD is treading water around the key technical level at 1.25. We went below this level just recently, see the above daily …
Read More »EUR/GBP Bounces Higher, What’s Next? There is a Trade Here
0.0 00 EUR/GBP (0.7837) Resistance Levels: 0.7895, 0.7955, 0.8030 Support Levels: 0.7805, 0.7730, 0.7655 The EUR/GBP fell lower after the formation of a bearish reversal signal. Note the Dark Cloud candlestick below 0.8033, please refer to the …
Read More »Kiwi/Dollar Eyes Below 0.77
0.0 00 NZD/USD (0.7748) Resistance Levels: 0.7768, 0.7870, 0.7969 Support Levels: 0.7680, 0.7604, 0.7470 The NZD/USD continues to push lower, for a number of reasons that I wrote about in an earlier article on how dairy prices …
Read More »AUD/USD Support Holds at 0.8640
0.0 00 AUD/USD (0.8723) Resistance Levels: 0.8730, 0.8800, 0.8885 Support Levels: 0.8640, 0.8530, 0.8440 Even with today’s Reserve Bank of Australia (RBA) rate decision, there was little movement in the AUD/USD. The Ozzie Dollar continues its …
Read More »The Yen Continues its Implosion, Time to Buy?
0.0 00 USD/JPY (¥112.749) Resistance Levels: 114.20, 115.51, 116.35 Support Levels: 112.10, 110.75, 116.35 The yen imploded and the U.S. dollar soared higher after the Bank of Japan (BOJ) announced they were expanding their quantitative easing …
Read More »USD/JPY Moves Higher but to Go Long Now?
0.0 00 USD/JPY (¥108.993) Resistance Levels: 110.10, 110.75, 112.10 Support Levels: 108.45, 107.30, 106.50 The almighty buck has resumed its uptrend against Japan’s Yen. This was expected as we note, on the above MT 4 daily …
Read More »The EUR/USD Recovers to Move Higher. Right?
0.0 00 EUR/USD (1.2734) Resistance Levels: 1.2805, 1.2850, 1.3070 Support Levels: 1.25, 1.2315, 1.2150 The euro has bounced higher as we are making a correction higher. Please refer to the above MT 4 daily chart. As …
Read More »EUR/USD Probes Above 1.27
0.0 00 EUR/USD (1.2702) Resistance Levels: 1.2760, 1.2850, 1.3070 Support Levels: 1.25, 1.2315, 1.2150 The euro seems to be recovering but we are still below 1.2850 and the 55 daily moving average (DMA). While below those …
Read More »GBP/USD Forms a Head and Shoulders Pattern
0.0 00 GBP/USD (1.6051) Resistance Levels: 1.6185, 1.6380, 1.6530 Support Levels: 1.5990, 1.5875, 1.5680 The GBP/USD recovered as expected after a clear bullish reversal signal. However the appearance of a head and shoulders (H&S) pattern suggests …
Read More »The Kiwi/Dollar Looks Ready to Move Lower
0.0 00 NZD/USD (0.7971) Resistance Levels: 0.8050, 0.8139, 0.8270 Support Levels: 0.7870, 0.7768, 0.7680 The NZD/USD is getting ready to move lower again. See the above MT 4 daily chart. Price action is reversing after recovering, …
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