0.0 00 There is a startling new trend with expat United States citizens who live abroad and hold dual citizenship. They are becoming more and more tempted to surrender their U.S. passports in order to avoid …
Read More »The Kiwi/Dollar Forms a Harami as it Recovers
0.0 00 NZD/USD (0.7900) The NZD/USD has been recovery as of late and we are looking to test the key technical resistance level at 0.8000. Still, I have some trepidation regarding this recovery and its strength. …
Read More »Daily Video Analysis: Markets Will Focus on U.S. Durable Goods
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis fr Tuesday, October 28. Yesterday’s markets in the European session were quite volatile as the German IFO numbers came …
Read More »Elementary Forex — Close the Trade and Take the Profit
0.0 00 Forex is an exciting business. The glamor of the money, and the constant news on every country and currency. Yes, we are in the business of Forex to make profit — to make money. …
Read More »EUR/CHF — Quick Movements Possible Quick Profits in very Short Term
0.0 00 The currency pair of EUR/CHF — Current trading at around 1.205 it is showing on the 5 minute chart below with a support of 1.2055 and a resistance of 1.2060. It appears that …
Read More »Gold Turns Lower after Failing at $1255.10
0.0 00 Gold (1230.76) The yellow metal has moved lower. This not shocking after failing to crack the technical level at $1255.10 per ounce. This level is also supported by the 55 day moving average (DMA). …
Read More »25 Banks to Fail the ECB Stress Test
0.0 00 The news keeps getting worse out of the Eurozone. The European Central Bank (ECB) administers a health test, kind of like a routine medical exam, for commercial banks on a periodic basis. At least …
Read More »EUR/USD Probes Above 1.27
0.0 00 EUR/USD (1.2702) Resistance Levels: 1.2760, 1.2850, 1.3070 Support Levels: 1.25, 1.2315, 1.2150 The euro seems to be recovering but we are still below 1.2850 and the 55 daily moving average (DMA). While below those …
Read More »Daily Video Analysis: European Banks Fail the ECB Stress Test
0.0 00 Good morning welcome to your daily video analysis, with David Frank, for Monday October 27. Asian markets are mostly higher this morning as they are following the U.S. market lead from Friday. U.S. markets …
Read More »GBP/USD Forms a Head and Shoulders Pattern
0.0 00 GBP/USD (1.6051) Resistance Levels: 1.6185, 1.6380, 1.6530 Support Levels: 1.5990, 1.5875, 1.5680 The GBP/USD recovered as expected after a clear bullish reversal signal. However the appearance of a head and shoulders (H&S) pattern suggests …
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