0.0 00 EUR/USD (1.1024) Resistance Levels: 1.1184, 1.1317, 1.1532 Support Levels: 1.0970, 1.0968, 1.0622 Trade Strategy: Stand Aside The euro has now seen six days of losses versus the US Dollar. We are at a multi-year …
Read More »NZD/USD Technical Analysis March 6, 2015
0.0 00 With today being nonfarm payroll Friday, it’s very likely that we will see a lot of movement in the Forex markets. The Americans are expected to have had 240,000 jobs added to the payroll …
Read More »EUR/USD – The Euro Falls off Sharply
0.0 00 EUR/USD (1.1050) Resistance Levels: 1.1184, 1.1317, 1.1532 Support Levels: 1.0970, 1.0795, 1.0622 Trade Strategy: Stand Aside The Euro has lost ground sharply against the US Dollar. See the below daily MT 4 chart as …
Read More »Video Analysis – GBP/USD March 5, 2015
0.0 00 Looking at the GBP/USD pair, the Wednesday session was very bearish as you can see, testing the 1.5250 level for support. If we can break down below the 1.52 level, this market should continue …
Read More »Get Ready for the Apple Watch to Start at $500
0.0 00 Apple, Inc. (AAPL: Nasdaq) has already quoted it smartwatch to begin at $349 but there are some analysts who think the price of the watch will come in way higher than that, if not …
Read More »USD/JPY—The Dollar is Struggling to Build Momentum
0.0 00 USD/JPY (119.807) Resistance Levels: 120.80, 121.90, 123.87 Support Levels: 119.21, 117.18, 115.49 Trade Strategy: Stand Aside The Dollar is struggling to rise and build momentum against the Japanese yen. Please see the below daily …
Read More »EUR/USD Technical Analysis March 5
0.0 00 The EUR/USD pair broke down during the session on Wednesday, slicing through the 1.11 handle. With that, it looks as if the markets ready to continue to go much lower, and I believe that …
Read More »Video Analysis – USD/CAD March 4, 2015
0.0 00 The USD/CAD pair appears to be forming a very pronounced descending triangle, and as a result it’s very possible that we will break down. If we get below the 1.2350 level, the market could …
Read More »EUR/JPY—Taking a Time out above ¥133, Short Trade in Play
0.0 00 EUR/JPY (133.621) Resistance Levels: 137.65, 139.94, 142.28 Support Levels: 133.55, 132.05, 129.18 Trade Strategy: Short Sale at 135.26, target 133.80, stop loss @ break even. The EUR/USD has fallen as expected after breaking the …
Read More »India Shocks with another Rate Cut
0.0 00 The Reserve Bank of India (RBI) shocked the financial markets with another rate cut in 2015. This sent Indian stock markets to a record high. The RBI cut rates 25 basis points to 7.5 …
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