0.0 00 EUR/USD (1.2729) Resistance Levels: 1.2850, 1.2930, 1.3070 Support Levels: 1.2670, 1.2535, 1.2320 The euro has recovered nicely versus the U.S. Dollar since forming a bullish candlestick but has since lost some steam and we …
Read More »Canadians Leading the Winter Weather Season — AUD/CAD — Part II of series
0.0 00 The Canadian dollar is a strong currency with a significant following in Forex. In this series we will examine how investors can tune in on an often bypassed currency denominator to profit from your observations. …
Read More »Canadians Leading the Winter Weather Season — USD/CAD — Part I of series
0.0 00 The Canadian dollar is a strong currency with a significant following in Forex. In this series we will examine how investors can tune in on an often bypassed currency denominator to profit from your observations. …
Read More »GBP/USD: The Sterling Resumes its Climb Higher
0.0 00 GBP/USD (1.6173) The Sterling, once again, is pushing higher. The piercing line candlestick we noted, that pushed the Pound higher originally, is in the past. Still, even with trepidation over the strength of this recovery, …
Read More »USD/JPY Pushes Higher After a Harami Candlestick
0.0 00 USD/JPY (¥107.365) The U.S. Dollar is continuing its recovery higher in this market. Looking at our daily MT 4 chart, below, the Doji turned into a bullish Harami candlestick, indicating a move higher. After …
Read More »The USD/JPY Falls Below ¥106
0.0 00 USD/JPY (¥106.145) Resistance Levels: ¥106.60, ¥107.90, ¥108.75 Support Levels: ¥105.60, ¥104.50, ¥103.20 The USD/JPY currency pair is consolidating after briefly falling below ¥106. This was the largest falloff for any one day in six …
Read More »EUR/USD Focusing Above 1.28
0.0 00 EUR/USD (1.28172) Resistance Levels: 1.2850, 1.3068, 1.3250 Support Levels: 1.2750, 1.2620, 1.2501 Looking at the daily MT4 chart above, the Euro finally started to recover versus the U.S. Dollar. After forming a piercing line …
Read More »The USD/JPY Finds Support Below ¥107
0.0 00 USD/JPY (¥107.197) Resistance Levels: ¥107.90, ¥108.75, ¥110.10 Support Levels: ¥106.65, ¥105.60, ¥104.50 The dollar’s fall versus the Japanese Yen has taken a pause. The daily MT 4 chart, above, shows we have gotten some …
Read More »Trading Strategy: The Dollar/Yen Hits a Fresh Monthly Low
0.0 00 USD/JPY (¥107.198) Resistance Levels: ¥107.90, ¥108.74, ¥110.10 Support Levels: ¥106.60, ¥105.55, ¥104.50 The U.S. Dollar has now hit a one month low in the USD/JPY Forex pair. Sellers are now looking to …
Read More »Forex Trading Strategy: USD/CHF Support Near 0.9505 at Risk
0.0 00 USD/CHF (0.9525) Resistance Levels: 0.9565, 0.9630, 0.9723 Support Levels: 0.9510, 0.9430, 0.9355 We saw this one coming. The USD/CHF has lost momentum lost ground. The market formed a dark cloud candlestick just below 0.9640 …
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