0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Tuesday, November 18. China released data showing their economy continues to slow. Foreign direct investment slowed down as …
Read More »EUR/USD Fails at Key Pivot and Moves Lower
0.0 00 EUR/USD (1.2496) Resistance Levels: 1.2560, 1.2620, 1.2685 Support Levels: 1.2480, 1.2435, 1.2360 The euro continued its advance versus the dollar today but has found resistance near 1.2560 and failed. Please refer to the above …
Read More »The Kiwi/Dollar Crawls Higher
0.0 00 NZD/USD 0.7946 The Kiwi is showing some resilience. It has not fallen but shown us it has the capacity to gap higher. Let’s look at the above daily MT 4 chart. Usually, when a …
Read More »Is the Cable Trying to Recover from Near 1.5580?
0.0 00 GBP/USD (1.5720) Resistance Levels: 1.5730, 1.5810, 1.5950 Support Levels, 1.5665, 1.5575, 1.5490 The GBP/USD is trying to bounce higher. We are bouncing off a minor support near 1.5580 where it was trading at a …
Read More »Daily Video Analysis: The Euro/Dollar Bounces Higher Waiting on Draghi to Speak
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video for Monday, November 17. I hope everyone had a wonderful weekend. This morning, Asian markets are quiet and mixed. Following …
Read More »Crude Oil Continues to Implode
0.0 00 Oil prices fell lower, after data showing that oil production in the U.S. hit a new high-water level. Traders are also increasing their odds that the Saudi led OPEC will not reign in production …
Read More »The Dollar Could Turn Lower Versus the Yen
0.0 00 USD/JPY (¥115.835) Resistance Levels: 116.30, 117.80, 119.08 Support Levels: 115.35, 113.80, 112.75 The U.S. Dollar is losing steam versus the Yen. Let’s look at the above daily MT 4 chart where we note ebbing …
Read More »Daily Video Analysis: German GDP and U.S. Retail Sales to Take Center Stage
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Friday, November 14. Let’s get started as we have a busy day today. Asian equity markets are mostly …
Read More »GBP/USD — Build a new tunnel to America?
0.0 00 The GBP/USD continues its bearish plunge. A tunnel to America might boost the valuation of the GBP/USD right now. No, there is no tunnel planned. Looking at the daily chart: We see that the …
Read More »Dollar/Swissy Sees a Top Forming
0.0 00 USD/CHF (0.9646) Resistance levels: 0.9705, 0.9760, 0.9805 Support Levels: 0.9590, 0.9555, 0.9505 The U.S. Dollar appears to be forming a short term top near 0.9740. Please refer to the above daily MT 4 chart. …
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