0.0 00 USD/JPY (119.765) Resistance Levels: 120.67, 121.40, 122.12 Support Levels: 119.65, 118.92, 118.20 Trade Strategy: Looking for a Long USD Trade on Corrective Pullback The US Dollar Is getting ready to make a correction lower …
Read More »Fast Food Wars Heats up. Who will Win? McDonalds or Taco Bell?
0.0 00 Sometimes, as I am going over the news wires and looking for news to bring you, I come along some fun little tidbits. Today some analysts are wondering who will win between McDonald’s (MCD: …
Read More »NZD/USD—The Kiwi is Looking to Move Lower Once Again
0.0 00 NZD/USD (0.7480) Resistance Levels: 0.7530, 0.7607, 0.7695 Support Levels: 0.7405, 0.7331, 0.7245 Trade Strategy: Stand Aside The New Zealand Dollar appears to be turning lower against its US Dollar counterpart. This is now negating …
Read More »Daily Video: USD/CAD—Losing Some Steam Below the 1.27 Pivot
0.0 00 The USD/CAD continues to wander in the same trading range below the key 1.28 pivot. A daily close below the congestion area 1.2380 to 1.2447 will challenge the next technical support at 1.2207/08. Should …
Read More »USD/JPY—Candlesticks Hint There Could be a Dollar Pullback
0.0 00 USD/JPY (120.526) Resistance Levels: 120.67, 121.40, 122.12 Support Levels: 119.65, 118.92, 118.20 Trade Strategy: Stand Aside It looks like the US Dollar is getting ready to pullback against it yen counterpart. Please refer to …
Read More »BREAKING NEWS: China’s Trade Numbers Come in Soft
0.0 00 China, within the last hour, released trade data and the numbers surprised by tumbling in the month of March. This is not a good sign for Wednesday’s gross domestic product (GDP) release for the …
Read More »EUR/JPY—Sellers Eying the Key Support at ¥127 and Lower
0.0 00 EUR/JPY (127.422) Resistance Levels: 128, 129.40, 131.05 Support Levels: 127, 126.86, 124.28 Trade Strategy: Stand Aside The euro is sliding against its yen counterpart as sellers are now looking to challenge the key ¥127 …
Read More »Daily Video: GBP/JPY—The British Pound Sells Off
0.0 00 The British Pound has accelerated its decline against the Japanese Yen. So far today, we have seen the biggest selloff in over a month. Right now support is lining up at the ¥175 pivot …
Read More »Crude Oil Tumbles Seven Percent on US Inventories
0.0 00 Crude Oil fell nearly seven percent yesterday after US Government data showed inventories for the week saw their largest gains since 2001. Saudi Arabia also showed record production for March. The supply glut continues …
Read More »USD/CHF—Stuck in the Range Trade
0.0 00 USD/CHF: 0.9681 Resistance Levels: 0.9745, 0.9910, 1.0178 Support Levels: 0.9427, 0.9212, 0.8998 Trade Strategy: Stand Aside The USD/CHF is still trading sideways just above the key pivot at 0.94. Refer to the below daily …
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