0.0 00 There has been a unanimous agreement reached by Eurozone leaders today, after lengthy overnight wheeling and dealing to save Greece with a third bailout. This will also keep the failing Greek state in the …
Read More »EUR/USD – The Euro Rebounds Stronger than Expected
0.0 00 The EUR/USD Forex market rebounded rather strongly after dipping to a low at 1.0916 last week. This completed a fall from 1.1435. Please refer to the below 4 hour EUR/USD MT 4 chart as …
Read More »Video: AUD/USD – The Aussie Dollar Finds Support Above 0.74
0.0 00 The AUD/USD Forex market fell lower, as expected, after the formation of a three inside down candlestick which is visible on our daily MT 4 chart. Technical Analysis Taking a look at our technical …
Read More »EUR/JPY – The Euro Pauses above ¥133 to Digest Losses
0.0 00 EUR/JPY (135.208) Support Levels: 133.09, 132, 129.90 Resistance Levels: 135.44, 137.98, 141.05 Trade Strategy: Stand Aside The EUR/JPY Forex market continues to digest losses just above the ¥133 pivot. Please refer to the below …
Read More »GBP/JPY – The Sterling Finds Near Term Support
0.0 00 GBP/USD (187.719) Support Levels: 185.38, 182.90, 179.81 Resistanace Levels: 187.84, 190.90, 192.79 Trade Strategy: Short Position Opened at 192.84 The Sterling is going to attempt and bounce higher against its Yen counterpart. The GBP/JPY …
Read More »USD/JPY – The Dollar is Trying to Clear a Path below ¥120
0.0 00 USD/JPY (121.421) Support Levels: 120.69, 119.47, 117.99 Resistance Levels: 121.90, 123.12, 124.07 Trade Strategy: Stand Aside The USD/JPY declined to its lowest level in nearly two months then recovered a bit. At this time …
Read More »Apparant “Technical Difficulties” Brings Trading on the NYSE to a Halt
0.0 00 Overnight, trading resumed on the New York Stock Exchange (NYSE) at 3:10pm EST after a “technical issue” caused the systems to go down for over three hours. All trading came to a halt at …
Read More »EUR/USD — The Euro Continues to Trade Quietly Around 1.10
0.0 00 EUR/USD (1.1078) Support Levels: 1.0967, 1.0817, 1.0660 Resistance Levels: 1.1077, 1.1278, 1.1465 Trade Strategy: Stand Aside The EUR/USD Forex market continues to trade quietly around the 1.10 pivot after the shock of the Greek …
Read More »Panic Selling Grips China’s Financial Markets
0.0 00 There is a degree of “panic sentiment” gripping mainland stocks in China, warned the China Securities Regulatory Commission (CSRC) as China’s sold off sharply and in “irrational selling” earlier today. The Shanghai Composite imploded …
Read More »Video: USD/JPY – Range Trading Continues as the Dollar Wanders
0.0 00 As we mentioned yesterday, the USD/JPY gapped lower on Greece then recovered its losses to reenter this Forex market’s all too familiar trading range. Technical Analysis Today’s technical analysis, does not change from yesterday. …
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