0.0 00 EUR/USD (1.2175) Resistance Levels: 1.2248, 1.2325, 1.2420 Support Levels: 1.2172, 1.2080, 1.1930 The Euro continues to lose ground. At some point we need to ask: “where is the bottom?” This market paused just long …
Read More »USD/CHF– The Correction Higher Stalls Near 0.99
0.0 00 USD/CHF (0.9850) Resistance Levels: 0.9835, 0.9900, 1.0050 Support Levels: 0.9780, 0.9730, 0.9658 The USD/CHF has soared higher, as the Dollar has hit a 28 month high. This rally higher is now losing steam just …
Read More »Hacker Wars? North Korea’s Internet Goes Down
0.0 00 What is going on? Overnight the internet in North Korea went dark. According to Dyn Research, a firm that monitors global internet activity, the outage lasted more than nine hours and only recently came …
Read More »USD/JPY—Looking to Challenge the December High above ¥120
0.0 00 USD/JPY (120.113) Resistance Levels: 121.90, 123.90, 125.85 Support Levels: 119.50, 118.00, 115.55 The USD/JPY is crawling its way higher. The Dollar looks to be set to test the high set back in December above …
Read More »Video Analysis- The Sterling Stays Stuck in its Familiar Trading Range
0.0 00 GBP/USD (1.5588) Resistance Levels: 1.5771, 1.5920, 1.6030 Support Levels: 1.5555, 1.5410, 1.5290 The Sterling, also known as the GBP/USD, is stuck in an all too familiar trading range below the key technical level of …
Read More »EUR/USD forecast for the week of December 22
0.0 00 The EUR/USD pair initially tried to rally during the session on Friday, but you can see we fell back down yet again and we closed the week at fresh, new lows. I am without …
Read More »The AUD/USD—Continues to Pause Above 0.81
0.0 00 AUD/USD (0.8136) Resistance Levels: 0.8175, 0.8208, 0.8270 Support Levels: 0.8105, 0.8025, 0.7940 The Ozzie is digesting its recent losses above the key support at 0.81. The AUD/USD is consolidating a bit right now before …
Read More »Gold Struggles to Move Lower
0.0 00 Gold ($1,197.84) The yellow metal is struggling to continue its selling momentum. We are noticing Dojis, on the below daily MT 4 chart, indicating seller hesitation below the rising trend line support level. This …
Read More »EUR/USD—Looks like Sellers are Trying to Move Below 1.22
0.0 00 EUR/USD (1.2239) Resistance Levels: 1.2248, 1.2325, 1.2420 Support Levels: 1.2175, 1.2080, 1.1930 The EUR/USD has now fallen to a 28 month low and the bearish momentum is trying to crash below the key technical …
Read More »Video Analysis: USD/JPY—Looking to Break above the ¥120 Handle
0.0 00 USD/JPY (119.518) Resistance Levels: 119.50, 121.90, 123.85 Support Levels: 118.00, 115.54, 114.10 The U.S. Dollar is attempting to break higher versus the Japanese Yen as the USD/JPY is trying to topple the key technical …
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