0.0 00 The EUR/USD is looking to turn lower once again. Note the Dark Cloud Cover candlestick which has turned into a Three Inside Down candlestick and subsequent move lower for the euro. A daily close …
Read More »In Play: Sharp Electronics is Running out of Options
0.0 00 News has emerged that Japanese electronics giant Sharp is making a move. They are looking, at least considering the option, to spin off their LCD panel making division. This has supported investor interest in …
Read More »EUR/GBP—A Short Euro Trade is Established to go Live at 0.7310
0.0 00 EUR/GBP (0.7303) Resistance Levels: 0.7391, 0.7510, 0.7628 Support Levels: 0.7240, 0.7150, 0.7005 Trade Strategy: Short euro trade order placed to activate at 0.7310 The EUR/GBP has turned lower after confirming a pair of Shooting …
Read More »Daily Video: USD/JPY—Dollar Break a Key Flag Resistance
0.0 00 The USD/JPY appears to be inching higher as the Dollar has broken a key resistance level. This market has now completed a Flag Chart pattern. A daily close above 120.67 will challenge the technical …
Read More »IN PLAY: Samsung Releases its First Quarter Profit Forecast
0.0 00 Samsung Electronics, South Korea’s mobile phone and electronics giant, just released its first quarter profit forecast and they were not too bad as they came in better than anticipated. That is the good news …
Read More »EUR/GBP—Waiting to For the Opportunity to Enter another Short Euro Traded
0.0 00 EUR/GBP (0.7347) Resistance Levels: 0.7391, 0.7510, 0.7628 Support Levels: 0.7240, 0.7150, 0.7005 Trade Strategies: Flat waiting on a short euro trade to emerge The EUR/GBP has recovered but the recovery appears to be stalling …
Read More »Daily Video: EUR/USD—The Euro is Trying to Breakout and Recover
0.0 00 The Euro has moved higher for three straight trading sessions and is now in a position to challenge the key pivot at 1.10/1.11. At this point, we need a daily close above the congestion …
Read More »GoDaddy Shares Shoot Higher after the IPO
0.0 00 GoDaddy (GDDY: NYSE), a leading provider of domains and website hosting went public last week. The company made its trading debut last Wednesday morning in the higher than expected range and share price jumped …
Read More »The Australian Dollar is Trading on Eggshells Right Now
0.0 00 Right now the Australian Dollar is trading near the target set by the Reserve Bank of Australia (RBA) near $0.75. The question is, will the RBA cut rates at tomorrow’s policy meeting. We are …
Read More »GBP/USD—Buyers Look to Target the Pivot at 1.50
0.0 00 GBP/USD (1.4919) Resistance Levels: 1.4985, 1.5092, 1.52 Support Levels: 1.4825, 1.4705, 1.4598 Trade Strategy: Stand Aside The Sterling continues to trade sideways as price action is stuck in the middle of the consolidation pattern …
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