0.0 00 The EUR/USD pair broke down during the session on Thursday, as we have now cleared quite a bit of support. With that being the case, this market looks like it’s set to continue going …
Read More »Video Analysis – USD/CAD January 16, 2015
0.0 00 Today we’re looking at the USD/CAD pair, and you can see that we fell initially during the session on Thursday down to the 1.18 level. We found it massively supportive and bounced enough to …
Read More »Has the Time Has Come to Short Home Builders? Yes.
0.0 00 Housing data in the United States continues to come up short. The numbers have not been encouraging and two of the country’s major home builders could be facing rather sizeable short positions as they …
Read More »EUR/USD—Bottom Forming Near 1.16 Could Give us that Bounce Higher
0.0 00 EUR/USD (1.1634) Strategy: Stand Aside Resistance Levels: 1.1870, 1.2040, 1.2245 Support Levels: 1.1678, 1.16, 1.1560 Even after yesterday’s drop against the Dollar, after the SNB announcement, it looks like the euro is forming a …
Read More »USD/CHF—The Swiss Franc Shoots off Like a Rocket
0.0 00 USD/CHF (0.8794) Today the Swiss National Bank (SNB) surprised the Forex and financial markets when they announced that the Swiss franc would no longer be pegged to the euro at 1.20 EUR/CHF. Please look …
Read More »Video Analysis – GBP/USD January 15, 2015
0.0 00 Taking a look at the GBP/USD pair, you can see that we broke out during the session on Wednesday, cracking the top of the two hammers in a row that we had formed. We …
Read More »USD/JPY Technical Analysis – January 15 2015
0.0 00 The USD/JPY pair fell initially during the course of the session on Wednesday, but found enough support at the 160 level to turn things back around and form a little bit of a hammer. …
Read More »The Reserve Bank of India Surprises with a Rate Cut
0.0 00 Early this morning, the Reserve Bank of India (RBI) surprised with an unscheduled rate cut. This is an attempt to spur growth in their giant economy and kick start inflation, as that has slowed …
Read More »USD/JPY—The Yen Hits a One Month High against the Dollar
0.0 00 USD/JPY (¥117.597) Trading Strategy: Stand Aside Resistance Levels: 117.90, 118.95, 120.80 Support Levels: 116.65, 115.50, 113.50 The Dollar has lost some of its steam versus the Japanese Yen and turned lower. The USD/JPY has …
Read More »Russia Prepares for Junk Status as Rubblegeddon Continues
0.0 00 The Ruble continues its decline and as sanctions continue to bite into the Russian economy, over the Ukraine, coupled with the decline in oil prices , Russia is in bad economic shape. Russia is …
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