0.0 00 Looking at the USD/CAD pair, you can see that we fell during the session on Tuesday, slicing through the 1.25 handle. However, I see a significant amount of support all the way down to …
Read More »EUR/USD Technical Analysis – February 4 2015
0.0 00 The EUR/USD pair broke higher during the course of the day on Tuesday, and as a result certainly has broken out above the significant resistance at the 1.14 handle. However, we did struggle at …
Read More »Walt Disney Beats First Quarter Earnings Forecasts
0.0 00 The US based media giant Walt Disney (DIS: NYSE) reported its quarterly earnings overnight and they came in better than expected. The earnings were better than the most optimistic estimate any analyst on The …
Read More »EUR/GBP—Buyers Look to Move Above 0.78 but Still Waiting on a Short Trade
0.0 00 EUR/GBP (0.7564) Resistance Levels: 0.7565, 0.7635, 0.7705 Support Levels: 0.7450, 0.7405, 0.7330 Trade Strategy: Stand Aside till Short Trade Develops The Euro is recovering against the British Pound. Please note the below EUR/GBP daily …
Read More »Alibaba is Trying to Break into the US Market
0.0 00 Alibaba (BABA: NYSE), based in Hangzhou China, is looking for a unique and creative way to break into the world’s largest consumer market. That market is the United States. The e-commerce giant, announced, today, …
Read More »Video Analysis – EUR/CHF February 3, 2015
0.0 00 Looking at the EUR/CHF pair, you can see that we struggle during Monday’s trading as the 1.05 level continues to offer resistance. The weekly chart is shown initially, just to give an idea of …
Read More »SGD/CHF Technical Analysis – February 3 2015
0.0 00 The SGD/CHF pair initially tried to rally during the course of the session on Monday, but as you can see failed to hang onto the gains. With that being the case, the market ended …
Read More »GBP/JPY—The British Pound is Looking to Break out of the Range Trade
0.0 00 GBP/JPY (¥175.604) Resistance Levels: 177.55, 178.60, 180.35 Support Levels: 175.68, 174.25, 172.85 Trading Strategy: Stand Aside Looking at the below daily MT 4 chart, the British Pound is looking to break through the floor …
Read More »BREAKING NEWS: The RBA Slashes Rates and the Australian Dollar Tanks
0.0 00 Just a short time ago, Reserve Bank of Australia shocked financial markets, especially the Forex market, when the cut their prime lending rate 25 basis points from 2.50 percent to 2.25 percent. Economists, including …
Read More »GBP/USD—The British Pound Continues to Look for Direction
0.0 00 GBP/USD (1.5010) Resistance Levels: 1.51, 1.5170, 1.5270 Support Levels: 1.5025, 1.4905, 1.4805 Trade Strategy: Stand Aside The GBP/USD continues to look for direction just above the key pivot at 1.50. We are seeing a …
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