0.0 00 The Euro continues to sink against the U.S. Dollar. Price is trading just above the key technical support level at 1.31 with the next support level lining up at 1.3065. A break below 1.3065, especially …
Read More »Forex Trading Strategy: USD/CAD at a Crossroads
0.0 00 USD/CAD (1.08382) The Loonie is at a crossroads. On our daily chart, we are noting a Doji which means the sellers could be hesitating. This comes in near the level at 1.0855. A close …
Read More »Forex Trading Strategy: Bulls Lose their Grip on the USD/JPY
0.0 00 USD/JPY (103.790) The dollar continues to keep trades wondering if it is going to continue higher against the yen or not. We are continuing to trade in a narrow band below ¥104 and there …
Read More »Forex Trading Strategy: False Breakout With the USD/JPY
0.0 00 USD/JPY (103.98) The USD/JPY might have seen a false breakout. Please refer to our daily technical analysis for more on how the dollar’s run has stalled out. A close below ¥104.00 could be cause …
Read More »Forex Trading Strategy: The USD is Looking to Advance Against the Swiss Franc
0.0 00 USD/CHF (0.90730) The dollar is trying to move higher against the Swiss franc and resume its rally. We note a bullish hammer candlestick near its current price level than a move higher. A close …
Read More »Forex Trading Strategy: The Pound Tries to Move Higher
0.0 00 GBP/USD (1.67338) The GBP/USD found a bottom, formed a hammer and then moved higher. This comes after a Doji formed near 1.6661/.6660. This indicates a short term end to the recent downtrend as sellers …
Read More »Forex Trading Strategy: USD/JPY Trading on the Doji
0.0 00 USD/JPY (102.534) We are not seeing any key reversal candlesticks with the USD/JPY as of right now. This means we could continue to drift higher and test the range top near the key technical …
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