0.0 00 NZD/USD (0.7733) Resistance Levels: 0.7820, 0.7898, 0.88076 Support Levels: 0.7680. 0.7580, 0.7535 Trade Strategy: Short position initiated at 0.7782 The Kiwi is getting ready to move lower against the U.S. Dollar once again. …
Read More »USD/JPY Technical Analysis – January 20 2015
0.0 00 The USD/JPY pair broke a little bit higher during the course of the day on Monday, testing the 117.50 region. This is an area that has been resistive lately, but ultimately we should see …
Read More »Video Analysis – EUR/USD January 20, 2015
0.0 00 Looking at the EUR/USD pair during the session on Monday, we broke a bit higher during the course of the day, but keep in mind that it is Martin Luther King Jr. day, which …
Read More »Storm Clouds Form, Can the Miracle U.S. Economic Recovery Last?
0.0 00 The global markets and investment world is becoming riskier for “risk assets.” Last Thursday, the Swiss National Bank (SNB), shocked us when they removed its peg against the euro. This caused the Swiss franc …
Read More »GBP/USD—Bottom Looks to Form above 1.50
0.0 00 GBP/USD (1.5071) Trade Strategy: Stand Aside Resistance Levels: 1.5250, 1.5385, 1.5605 Support Levels: 1.5035, 1.48, 1.4570 The GBP/USD has seen some volatile price action of late. A choppy consolidative trade, to say the …
Read More »USD/JPY—Dollar Looking to Reverse Higher
0.0 00 USD/JPY (¥117.408) Trade Strategy: Stand Aside Resistance Levels: 117.90, 120.80, 121.90 Support Levels: 115.45, 113.50, 111.55 The Dollar is looking to reverse and move higher against the Yen. If you look at the below …
Read More »Video Analysis – USD/CAD January 19, 2015
0.0 00 You can see that the USD/CAD pair tried to break higher during the session on Friday, but struggled at the 1.20 handle, forming a shooting star. The shooting star of course is a negative …
Read More »EUR/GBP Technical Analysis – January 19 2015
0.0 00 The EUR/GBP pair fell hard during the course of the session on Friday again, as we have clearly busted through major support in the form of the 0.7750 level. With that being said, the …
Read More »Target ends its Canada Chapter
0.0 00 The U.S. retail giant Target (TGT: NYSE) has shown the retailing world that you do not enter a market, dump 133 stores, and hope they become profitable overnight. This was a hard lesson that …
Read More »EUR/USD—The Euro Keeps Falling as it hits a New 10 Year Low
0.0 00 EUR/USD (1.1557) Trade Strategy: Stand Aside Resistance Levels: 1.1560, 1.1678, 1.1750 Support Levels: 1.1460, 1.1365, 1.1248 I have been hoping for a support level, any support level to hold and give me that bounce …
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