0.0 00 Resistance Levels: 119.65, 120.80, 121.85 Support Levels: 118.92, 118.20, 117.29 Trade Strategy: Stand Aside The USD/JPY is moving lower. Sellers are now in the market and pushing the Dollar to the sub ¥119 pivot …
Read More »NZD/USD—Buyers Focus on the Trend Line Resistance
0.0 00 NZD/USD (0.7652) Resistance Levels: 0.7652, 0.78, 0.7997 Support Levels: 0.7555, 0.7405, 0.7160 Trade Strategy: Stand Aside The NZD/USD has paused to digest gains for the New Zealand Dollar. Looking at the below daily MT …
Read More »US New Home Sales Surge Higher in February
0.0 00 Nothing makes us happier to know we were wrong. Especially when data hits the news wires showing the US housing market might be better than expected. However, there are still problems, as there is …
Read More »GBP/USD—The Range Resistance is Proving to be a Tough Obstacle
0.0 00 GBP/USD (1.4872) Resistance Levels: 1.4985, 1.5092, 1.52 Support Levels: 1.4825, 1.4705, 1.4598 Trade Strategy: Stand Aside Yesterday, the GBP/USD tested the range resistance and then turned back lower. Looking at the below daily MT …
Read More »USD/CHF—Sellers Look towards 0.95 and Lower
0.0 00 USD/CHF (0.9599) Resistance Levels: 0.9695, 1.0125, 1.0252 Support Levels: 0.9427, 0.9212, 0.8998 Trade Strategy: Stand Aside The US Dollar continues to look weak against the Swiss franc after falling below the 0.97 pivot. Please …
Read More »Why is their a Supply Problem in the US Housing Market
0.0 00 The US housing market continues to underperform as numbers were weak again in the month of February. There was only a small move higher in January but total sales are well below expectations for …
Read More »GBP/USD—Uneven Sideways Trading in all-too Familiar Territory
0.0 00 GBP/USD (1.4936) Resistance Levels: 1.4985, 1.5092, 1.52 Support Levels: 1.4705, 1.4598, 1.4462 Trade Strategy: Stand Aside The GBP/USD continues to oscillate in an erratic sideways patter just below the pivot at 1.50. Please see …
Read More »EUR/USD—The Euro is Focusing on the Key $1.10 Pivot
0.0 00 EUR/USD (1.0932) Resistance Levels: 1.0954, 1.1262, 1.1512 Support Levels: 1.0455, 1.0232, 0.9985 Trade Strategy: Stand Aside and wait for bounce higher to initiate short euro trade The euro is seeing some short covering and …
Read More »It’s Official. Tinder has a Brand New CEO
0.0 00 The ever popular mobile dating app Tinder has made it official. They are bringing on Chris Payne, a high profile tech executive, to be their new chief executive officer. He will replace former CEO …
Read More »USD/JPY—The Yen Strengthens as the Two Month Support Fails
0.0 00 USD/JPY (119.980) Resistance Levels: 120.25, 120.81, 121.85 Support Levels: 119.65, 118.92, 118.20 Trade Strategy: Stand Aside The Dollar continues to weaken in the USD/JPY Forex market. Please see the below daily MT 4 chart. …
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