0.0 00 NZD/USD (0.6643) Some points to consider in this Forex market: Five straight days of losses for the New Zealand Dollar. Passing on a short sale as the risk to reward conditions are not ideal. …
Read More »AUD/USD – Long-Term Bears Back in Force
0.0 00 Some points to consider in this Forex market: The AUD/USD has completed the triangle pattern. Looks like the bears are coming out. We are too close to a support level to warrant a short …
Read More »Nikkei 225 – Test of 18,000 Inevitable?
0.0 00 Nikkei 225 (18,184.07) Points to consider in this article: The downward momentum in this equity market is nearing exhaustion. This is hinting at a change in direction. A daily close below 18,000 could lead …
Read More »NZD/USD – Looking for Kiwi Dollar Sale above 0.68
0.0 00 Points to consider in this Forex market: After a bearish engulfing candlestick formed, the New Zealand Dollar broke through the trend line. Double top now in place. Pending Short NZD sale established Trade strategy: …
Read More »AUD/USD – Australian Dollar Hits a Five Year Low
0.0 00 AUD/USD (0.7126) Points to consider in this Forex article: The AUD/USD fell sharply before the release of China’s PMIs. The Composite PMI dropped below expansion in China. Consumer sentiment improved. Record setting yuan fix …
Read More »The Euro and British Pound Could Sell Off Today
0.0 00 Some points to consider in this article: The euro and the British Pound could see weakness on tepid CPI and easing from the ECB. The USD/JPY rose, the Australian and Canadian Dollars are higher …
Read More »Asian Markets Try to Stabilize Today
0.0 00 Asian equity markets tried to stabilize today as China’s markets bounced back from a shaky start to the Asian trading session. Traders are hoping that yesterday’s selloff was an anomaly Today, the People’s Bank …
Read More »NZD/USD – Retracing Towards the Trend Line
0.0 00 The NZD/USD Forex pair took a big hit in trading yesterday. The Kiwi Dollar lost around 115 to 116 pips and is now testing a key support level at a rising trend line. This …
Read More »XAU/USD – Gold Prices Being Hurt by the US Dollar
0.0 00 XAU/USD (1,064.83) Points to consider in this article US Dollar strength along with weak demand will hurt commodities like gold in early 2016. Gold has seen no light at the end of the tunnel …
Read More »EUR/USD – The Euro is Running out of Steam
0.0 00 Points to consider in this Forex market: EUR/USD is trying to form a possible Head and Shoulders (H&S) chart pattern as a top could be in place. We are waiting on confirmation of this …
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