0.0 00 After putting in a bullish Morning Star candlestick, the EUR/USD moved higher. Right now buyers are trying to aim above the 1.10 pivot. Above that level lies the March 18 high, another key swing …
Read More »USD/JPY—Sellers Aiming Below the ¥119 Pivot
0.0 00 USD/JPY (119.060) Resistance Levels: 119.65, 120.67, 121.40 Support Levels: 118.92, 118.20, 117.29 Trade Strategy: Stand Aside The USD/JPY Forex Market formed a bearish signal in the form of a Dark Cloud, which is visible …
Read More »Technical Analysis: AUD/USD—Trading Flat in a Narrow Range
0.0 00 AUD/USD (0.7760) Resistance Levels: 0.7732, 0.79, 0.8057 Support Levels: 0.7560, 0.7420, 0.7261 The AUD/USD continues to tread water. We are trading in a narrow price range above the key pivot of 0.75, support up …
Read More »Is Rublegeddon over? As the Ruble Rises, Apple Cuts Prices
0.0 00 The Ruble is moving higher and companies who do business in Russia are concerned, again, and now for the opposite reason. Apple (AAPL: Nasdaq) is slashing prices for their flagship iPhone to compensate. Apple …
Read More »USD/CHF—The Swiss Franc Moves Higher Again. Three Days of Gains
0.0 00 USD/CHF (0.9625) Resistance Levels: 0.9710, 0.9768, 0.9861 Support Levels: 0.9615, 0.9537, 0.9461 Trade Strategy: Stand Aside The US Dollar has now fallen for three straight trading days against its Swiss franc counterpart. Looks like …
Read More »Daily Video: USD/JPY—Sellers Eyeing Supports Below ¥119
0.0 00 The USD/JPY Forex pair turned lower after forming a Dark Cloud Cover candlestick pattern. A break below the technical support at 118.92, with a daily close, challenges the support at 118.20 and lower. We …
Read More »GBP/USD—The Sterling Moves Higher as Expected
0.0 00 GBP/USD (1.4708) Resistance Levels: 1.4798, 1.4848, 1.4989 Support Levels: 1.4710 1.4462, 1.4248 Trade Strategy: Stand Aside The Sterling corrected higher against its US Dollar counterpart as we expected. Please see the below daily MT …
Read More »It’s Official, China’s Economy Slows to its Slowest Pace since 2009
0.0 00 Earlier today China released its economic growth number and it came in at its slowest pace of growth since the global financial crisis in 2009. This adds to the fuel to the fire that …
Read More »GBP/JPY—Interesting! A Triple Bottom Support in Play and Holding
0.0 00 GBP/USD (176.486) Resistance Levels: 177.25, 178.02, 179.29 Support Levels: 175.76, 175.00, 174.90 Trade Strategy: Stand Aside The GBP has now hit its lowest level in nearly five months against its yen counterpart. The GBP/JPY …
Read More »Daily Video: EUR/USD – Sellers Looking to Challenges Levels Below 1.05
0.0 00 The EUR/USD broke 6 days of declines overnight but sellers are still looking to challenge price below the 1.05 pivot which is the February swing bottom. There is support at the end of a …
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