0.0 00 Looking forward to the Wednesday session, we look back at the EUR/GBP pair on Tuesday as it fell to a fresh, new low, but bounced enough to form a little bit of a hammer. …
Read More »Extension Given to Greece: The Greek Tragedy Plays Out
0.0 00 Eurozone ministers have given approval to extend the Greek bailout. This paves the way for another installment of payments and now official creditors can discuss a new program over the next quarter. After the …
Read More »GBP/JPY—Could The British Pound Turn Lower Soon?
0.0 00 GBP/JPY (183.690) Resistance Levels: 184.28, 186.35, 187.80 Support Levels: 181.38, 179.30, 177.61 Trade Strategy: Stand Aside The GBP/JPY Forex market is still stuck in its range trade pattern we have become familiar with. However, …
Read More »USD/CHF Technical Analysis – February 24, 2015
0.0 00 The USD/CHF pair rallied during the session on Monday, as you can see on the attached chart. We are pressing up against the 0.95 level, an area that has been supportive in the past. …
Read More »USD/CHF—Another Move Lower on the Way? Confirmation is Needed
0.0 00 USD/CHF (0.9503) Resistance Levels: 0.9498 0.9780, 1.0240 Support Levels: 0.9344, 0.9075, 0.8794 Trade Strategy: Stand Aside The USD/CHF Forex market is looking to form a top near its current price level. Please see the …
Read More »Video Analysis – EUR/GBP February 24, 2015
0.0 00 Looking at the upcoming Tuesday session, the EUR/GBP pair has fallen yet again on Monday, to test the bottom yet again. The 0.7350 level offers a bit of support, but quite frankly if we …
Read More »BHP Billiton Sees a Slide in Profits
0.0 00 Global mining giant, BHP Billiton (BLT: LON) posted some pretty dismal numbers just now as falling commodity prices are battering profits. Billiton’s profits slid 31 percent over a six month period as prices for …
Read More »USD/JPY—Looking for Direction below ¥120 and Near Channel Support
0.0 00 USD/JPY (119.058) Resistance Levels: 120.80, 121.90, 123.87 Support Levels: 118.50, 117.18, 115.49 Trade Strategy: Stand Aside The US Dollar is looking for direction. Right now, looking at the below daily MT 4 chart, the …
Read More »AUD/USD—The Aussie Dollar Begins to Recover, Critical Resistance at 0.79
0.0 00 AUD/USD (0.7789) Key resistance in play at 0.79 Trading Strategy: Stand Aside The AUD/USD is moving higher as the AUD is gaining steam. Please see the below MT 4 daily chart. Note the spinning …
Read More »Here Comes Janet Yellen and the Fed
0.0 00 The markets have been waiting and wondering when the US Federal Reserve Bank (Fed) will raise rates and normalize monetary policy. Some fresh light o the situation could be on its way as Fed …
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