0.0 00 GBP/JPY (183.737) Resistance Levels: 184.98, 186, 187.04 Support Levels: 183.69, 182.91, 181.80 Trade Strategy: Stand Aside The British Pound remains in its flat trading pattern just below the key pivot at ¥185 against the …
Read More »GBP/USD Technical Analysis for March 4, 2015
0.0 00 The GBP/USD pair fell initially during the session on Tuesday, but found enough support near the 1.5350 level to turn things back around and form a hammer. This hammer of course suggests that the …
Read More »Video Analysis – GBP/USD March 3, 2015
0.0 00 The GBP/USD pair fell during the session on Monday, testing the 1.53 region. However, we are just above that area and as a result it’s not quite ready to sell yet. However, if we …
Read More »The RBA Keeps Rates the Same this Time
0.0 00 Just a short while ago, the Reserve Bank of Australia (RBA) held off with any more monetary easing. This was a bit of a surprise as we expected another rate cut to follow last …
Read More »USD/JPY—Resistance at ¥121 Now in Range
0.0 00 USD/JPY (119.695) Resistance Levels: 120.80, 121.90, 123.87 Support Levels: 119.00, 117.18, 115.49 Trade Strategy: Stand Aside/ Flat The USD/JPY is trying to recover from channel support. See the below daily MT 4 chart as …
Read More »EUR/USD Technical Analysis March 3, 2015
0.0 00 The EUR/USD pair tried to rally during the session on Monday again, but as you can see ended up pulling back to form a shooting star. This isn’t much of a surprise though, the …
Read More »USD/JPY Technical Analysis – February 25, 2015
0.0 00 The USD/JPY pair broke higher during the course of the day on Friday, clearing the top of the shooting star from the Thursday candle. Because of this, the market looks as if it is …
Read More »USD/CAD—Waiting to Confirm that a Top is in Place
0.0 00 USD/CAD (1.2492) Trade Strategy: Stand Aside/Flat The USD/CAD is consolidating in a narrow trade pattern as the US Dollar has formed a top just below the key 1.28 pivot. Please see the below daily …
Read More »Samsung Roars back with its Galaxy S6
0.0 00 Samsung did not disappoint as the electronics giant introduced its new flagship Galaxy s6 smartphone with a curved screen and mobile payment system, called Samsung Pay. All this in an attempt to tackle their …
Read More »GBP/USD—Watching Channel Support, Long Trade Still in Play
0.0 00 GBP/USD (1.5396) Resistance Levels: 1.5570, 1.5785, 1.5924 Support Levels: 1.5409, 1.5321, 1.5180 Trade Strategy: Long @1.5371, Target 1.5550 The British Pound has formed a bearish Engulfing Candlestick against the US Dollar and has moved …
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