0.0 00 EUR/USD (1.0560) Resistance Levels: 1.0621, 1.0795, 1.0970 Support Levels: 1.0407, 1.0059, 0.9712 Trade Strategy: Stand Aside. Short euro on EUR/USD bounce higher Looking at the Piercing Line candlestick, on the below daily MT 4 …
Read More »USD/JPY—The Dollar Remains Lost Below ¥122 Pivot
0.0 00 USD/JPY (121.360) Resistance Levels: 121.90, 123.87, 125.85 Support Levels: 120.81, 119.87, 117.18 Trade Strategy: Stand Aside The US Dollar is continuing to wander aimlessly below the key pivot at ¥122 in the USD/JPY Forex …
Read More »Alibaba and Face Recognition… Smile Before you Pay
0.0 00 Alibaba (BABA: NYSE) is looking to add mobile face recognition to its mobile app to help make payments more secure. Before making payments, your phone will scan your face, to ensure who is making …
Read More »EUR/USD—Looks Like the Euro is Trying to Form a Bottom Above $1.04
0.0 00 EUR/USD (1.0522) Resistance Levels: 1.0622, 1.0795, 1.0970 Support Levels: 1.0408, 1.04, 1.0060 Trade Strategy: Stand Aside, Looking for a bounce higher to short the euro again The euro is looking to stage a recovery …
Read More »Is it Time to Invest in US Blue Chip Stocks?
0.0 00 With the European Union (EU) about to begin an unprecedented quantitative easing program (QE) that could see a flight of capital out of the EU, along with sovereign bonds being weak, it might be …
Read More »NZD/USD—Looking at a Corrective Kiwi Rally
0.0 00 NZD/USD (0.7370) Resistance Levels: 0.7445, 0.7508, 0.7605 Support Levels: 0.7340, 0.7255, 0.7170 Trade Strategy: Stand Aside The Kiwi Dollar has bounced higher in the NZD/USD market. This is a corrective rally but the largest …
Read More »USD/JPY—The Dollar Remains Stuck Below the Pivot at ¥122
0.0 00 USD/JPY (121.002) Resistance Levels: 121.90, 123.87, 125.85 Support Levels: 120.81, 119.70, 117.18 Trade Strategy: Stand Aside The USD/JPY remains below the key pivot at ¥122. The Dollar is having trouble breaking this rather formidable …
Read More »Is the Euro Headed below Parity? Yes, but 0.85 and Lower is now Possible
0.0 00 There is no doubt the euro is medium to long term bearish. Most traders remain bearish euro in the EUR/USD and other euro markets. There is no doubt it will continue to fall. Question …
Read More »NZD/USD—Sellers Challenge the Pivot at 0.72 and Fail
0.0 00 NZD/USD (0.7305) Resistance Levels: 0.7340, 0.7445, 0.7607 Support Levels: 0.7255, 0.72, 0.7170 Trade Strategy: Stand Aside The Kiwi Dollar tested the support near the key pivot at 0.72 then bounced back higher. This was …
Read More »USD/JPY—Shooting Star Indicates a Dollar Pullback in the Cards
0.0 00 USD/JPY (121.481) Resistance Levels: 122.47, 123.87, 125.85 Support Levels: 120.80, 119.61, 117.18 Trade Strategy: Stand Aside Looking at the below daily MT 4 chart, we are noting the formation of a shooting star candlestick. …
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