0.0 00 USD/JPY (¥119.054) The USD/JPY has finally cracked above the ¥119 handle after momentum returned to the market. If you note the above daily MT 4 chart you will see a whole string of Dojis …
Read More »Gold Climbs Back above $1,200—For Now
0.0 00 The precious yellow metal, gold, has been under selling pressure the last couple of months. Yesterday we saw a round of short covering that shot gold above the key handle of $1,200 per ounce. …
Read More »The Ozzie Dollar Shoots Higher, but will it Last?
0.0 00 AUD/USD (0.8508) Resistance Levels: 0.8590, 0.8670, 0.8795 Support Levels: 0.8465, 0.8365, 0.8260 Australian Dollar shot higher after the Reserve Bank of Australia (RBA) left rates alone this morning. The recovery will be short lived …
Read More »Daily Video Analysis: Australia Holds Interests Steady Supporting the AUD
0.0 00 Good Morning and welcome to CupO’Forex, This is David Frank with your daily video analysis for Tuesday, December 2. Amid a lot of speculation amid a lot of speculation for a rate cut, the …
Read More »The Yellow Metal Continues to Move Lower
0.0 00 Gold ($1,181.48) Gold moved lower. This was not unexpected as it completed a rising wedge on the daily chart. Note above MT 4 chart. If we have a daily close below 1,156.95 then the …
Read More »Oil Prices Continue to Plummet. Is $45 per Barrel out of the Question?
0.0 00 The price of crude oil continues to fall. We are now pushing $60 dollars per barrel, well below my initial target of $70 per barrel. So what is next? We could now expect the …
Read More »The Euro Turns Back Lower
0.0 00 EUR/USD (1.2452) Resistance Levels: 1.25, 1.26, 1.2770 Support Levels: 1.2360, 1.2215, 1.1975 The euro looks like it has stalled out near another technical resistance level and turned lower. Please note the above daily MT …
Read More »Daily Video Analysis: Data out of the European Union to Dominate
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Monday, December 1. Let’s get started as we have a lot going on. Asian markets have moved higher …
Read More »Elementary Forex — Bungee jumping on the Bollinger Bands
0.0 00 Ever wondered why the bollinger bands are so popular? Well, put simply, they tell an enormous amount in a small glance. Bollinger Bands were developed by the technical trader John Bollinger and …
Read More »Elementary Forex — Moving Averages
0.0 00 Trading Analysis is usually based on the current and short term before and after the present. As any trader with experience understands, we often want to incorporate historical trends to better understand the position …
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