0.0 00 In Forex our goal is to BUY when the price is LOW and SELL when the price is HIGH (for a long trade). Or, conversely, our goal is to SELL when the price is …
Read More »Elementary Forex — Candles in the Wind
0.0 00 Junior Investors and Traders alike can always use new insights. Most people use the Candle Charts but rarely understand what detailed information you can find in them. Let’s review the basics and the …
Read More »What is OPEC Doing? Shale Producers will Get Decimated
0.0 00 OPEC left production the same. They made no reduction to output, and while it was a rather contentious decision, the damage is done. There is a supply overload and even worse, we could now …
Read More »The Kiwi/Dollar Turns Lower
0.0 00 NZD/USD (0.7829) Resistance Levels: 0.7940, 0.8035, 0.8110 Support Levels: 0.7800, 0.7680, 0.7525 The Kiwi is moving back south. Please look at the above daily MT 4 chart and note the inverted candlestick formation which …
Read More »Daily Video Analysis: Oil Companies Like Exxon are Taking a Pounding Thanks to OPEC
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis. OPEC has left production alone and steady. This has caused not only the price of crude oil to tank …
Read More »Gold is Reversing Lower
0.0 00 Gold ($1,194.06) The yellow metal is starting to reverse and move lower. Please note the above daily MT 4 chart where we are seeing a bearish rising wedge pattern developing. This is a bearish …
Read More »Samsung Gives back Some Cash
0.0 00 Samsung Electronics (005930.KS) has decided to return some of that huge pile of cash they are sitting on its shareholders. They are looking to buy themselves time to turn things around as they search for new …
Read More »The Ozzie Dollar Finds Some Support below 0.85
0.0 00 AUD/USD (0.8590) Resistance Levels: 0.8590, 0.8670, 0.88795 Support Levels: 0.8465, 0.8365, 0.8262 The corrective fall lower for the AUD/USD Forex pair has stalled just below the key technical level of 0.85. Please see the …
Read More »Daily Video Analysis: OPEC Leaves Production Alone
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Thursday, November 27. First off, Happy Thanksgiving to all of our American viewers. Let’s get started. OPEC left …
Read More »The Euro Looks to Gain Some Ground after a Poor U.S. Durable Goods Report
0.0 00 EUR/USD (1.2486) Resistance Levels: 1.2535, 1.26, 1.2769 Support Levels: 1.2360, 1.2210, 1.1975 The Euro is trying to bounce higher against the dollar today and should get a nice boost now that durable goods has …
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