0.0 00 The Australian Dollar has sold off for five straight days against its US Dollar counterpart. Sellers are firmly in control, after forming a 3 Inside Down candlestick, as they have taken the AUD/USD below …
Read More »GBP/USD – Sellers Target the Trend Line Support
0.0 00 GBP/USD (1.5490) Resistance Levels: 1.5550, 1.5630, 1.5815 Support Levels: 1.5451, 1.5338, 1.5190 Trade Strategy: Stand Aside Looking at the Sterling today, we note the turn lower in the GBP/USD Forex market as expected. Looking …
Read More »BREAKING NEWS: Japan Economy Grows Faster than Expected in the First Quarter
0.0 00 A couple of hours ago Japan released its gross domestic product (GPD) growth number and it showed the economy grew faster than expected in the first quarter of 2015. The GDP expanded at 2.4 …
Read More »Video: USD/JPY —The Dollar Crashes Through Range Resistance Once Again
0.0 00 The US Dollar has crashed above the short term falling trend line in the USD/JPY Forex market. Today’s trend line support lines up near 120.05/04. A daily close below this level will challenge 118.79 …
Read More »EUR/USD – The Dollar Sells off in this Forex Market
0.0 00 EUR/USD (1.13) Resistance Levels: 1.1328, 1.1462, 1.1564 Support Levels: 1.1241, 1.1105, 1.0991 Trade Strategy: Stand Aside The euro sold off the most it has in a single day in two months against the US …
Read More »Could the Next Big Auto Maker be out of China? Yes
0.0 00 There are Chinese automobile makers, not known outside of China, but are getting ready to make a global splash within the next decade, if not sooner. They are investing in heavy research and development …
Read More »Daily Video: USD/CAD – The Loonie Sells Off as the Dollar Advances
0.0 00 The US Dollar appreciated sharply against its Canadian Dollar counterpart. The USD/CAD saw its biggest rise in nearly two months as the Loonie sold off. We note short term resistance lining up at 1.2270. …
Read More »AUD/USD – Sellers Looking Below the 0.80 Pivot
0.0 00 AUD/USD (0.80005) Resistance Levels: 0.8058, 0.8120, 0.82 Support Levels: 0.7992, 0.7921, 0.7848 Trading Strategy: Stand Aside Sellers are looking at the 0.80 pivot as the Australian Dollar is correcting lower against the US Dollar. …
Read More »NZD/USD – The Kiwi Comes Under Pressure. Pivot at 0.74 in Sight
0.0 00 NZD/USD (0.7432) Resistance Levels: 0.7461, 0.75, 0.7562 Support Levels: 0.74, 0.7350, 0.73 Trade Strategy: Stand Aside The Kiwi Dollar is coming under selling pressure again as the NZD/USD Forex pair found resistance below the …
Read More »Alibaba is Back in the Headlines as They are Being Sued
0.0 00 Would seem Alibaba (BABA: NYSE) is back in the news. They are being sued by a group of luxury goods makers who are claiming that the Chinese e-Commerce giant has made it easy for …
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