0.0 00 GBP/JPY (¥174.054) Resistance Levels: ¥175.30, ¥176.30, ¥177.40 Support Levels: ¥173.65, ¥172.05, ¥170.40 The Sterling has now fallen below a key technical level at ¥174. This is a fresh three week low. Should we …
Read More »Daily Forex Trading Strategy: The Sterling Hits an 11 Month Low
0.0 00 GBP/USD (1.5982) Resistance Levels: 1.6090, 1.6250, 1.6485 Support Levels: 1.5955, 1.5820, 1.5650 The Sterling’s drop versus the U.S. Dollar is accelerating. We are now at a fresh 11 month low. The next technical support …
Read More »Daily Forex Trading Strategy: USD/CHF, the Rally Stalls Out
0.0 00 USD/CHF (0.9549) Resistance Levels: 0.9560, 0.9650, 0.9730 Support Levels: 0.9500, 0.9460, 0.9400, 0.9300 The USD/CHF rally is petering out above 0.95. The dollar is moving lower again as we had thought would happen. We …
Read More »Daily Forex Trading Strategy: The USD/JPY Target ¥110.00. What’s Next?
0.0 00 USD/JPY (¥109.885) Resistance Levels: ¥110.10, ¥110.40, ¥112.40 Support Levels: ¥109.50, ¥108.20, ¥107.40 The almighty U.S. Dollar is looking to resume its meteoric climb versus the yen. The USD/JPY is now eyeing levels above the …
Read More »Daily Forex Trading Strategy: Euro Snaps a 4 Day Skid
0.0 00 EUR/USD (1.2695) Resistance Levels: 1.2750, 1.2810, 1.29 Support Levels: 1.2660, 1.2605, 1.2530 The euro took a pause to digest four straight days of losses. The bears are out in strength in the EUR/USD and …
Read More »Daily Forex Trading Strategy: The Dollar is Range Bound Versus the Yen
0.0 00 USD/JPY (¥109.433) Resistance Levels: ¥109.50, ¥110.20, ¥111.40 Support Levels: ¥108.20, ¥107.40, ¥106.75 The dollar continues to trade flat in this market below the key technical level at ¥110.00. We see short term resistance now …
Read More »Daily Forex Trading Strategy: The Sterling Drops Below 1.62 on Data
0.0 00 GBP/USD (1.61859) The United Kingdom just released its inflation data, CPI, which showed prices for food, goods and services rose 1.5 percent (annually) last month. CPI in July came out at 1.6 percent. Even …
Read More »Daily Forex Trading Strategy: The Dollar’s Five Day Win Streak Ends
0.0 00 USD/JPY (¥107.152) Support Levels: ¥107.01, ¥106.50 Resistance Levels: ¥107.50, ¥108.20 The dollar’s climb higher versus the yen has come to a brief pause after five days of wins. This comes after a fresh six …
Read More »Daily Forex Trading Strategy: The Loonie Runs out of Steam
0.0 00 USD/CAD (1.10758) Short term resistance levels : 1.110, 1.201 Short term support levels: 1.10680, 1.0850 Most market indicators indicate a continuing negative trend downwards on the strength of the Canadian dollar. There are however …
Read More »Daily Forex Trading Strategy: The Kiwi Continues to Move Lower
0.0 00 NZD/USD (0.81377) The Kiwi continues to lose ground. There are no bullish reversal signs and we continue to look at the floor near 0.8060/0.8050 support levels. A daily close below these levels will open …
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