0.0 00 EUR/USD (1.2729) Resistance Levels: 1.2850, 1.2930, 1.3070 Support Levels: 1.2670, 1.2535, 1.2320 The euro has recovered nicely versus the U.S. Dollar since forming a bullish candlestick but has since lost some steam and we …
Read More »AUD/JPY Trades in a Tight Range
0.0 00 AUD/JPY (¥94.06) The AUD/JPY has been trading since trade open in a tight 35 pip range. We have been above and below the range top at 94.05 at least five times and we are …
Read More »Daily Video Analysis: Traders Ignore China’s GDP
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Tuesday, October 21. Things should have started out with a big bang as China released its GDP numbers …
Read More »Canadians Leading the Winter Weather Season — AUD/CAD — Part II of series
0.0 00 The Canadian dollar is a strong currency with a significant following in Forex. In this series we will examine how investors can tune in on an often bypassed currency denominator to profit from your observations. …
Read More »Canadians Leading the Winter Weather Season — USD/CAD — Part I of series
0.0 00 The Canadian dollar is a strong currency with a significant following in Forex. In this series we will examine how investors can tune in on an often bypassed currency denominator to profit from your observations. …
Read More »The CEO of Oil Giant Total SA Killed in Plane Crash
0.0 00 Overnight, the chief executive officer of France’s oil giant Total (TOTAL S.A.: NYSE) , Christophe de Margerie was killed in a plane accident at Moscow’s Vnukovo International Airport. The plane collided with a snow-clearing …
Read More »GBP/USD: The Sterling Resumes its Climb Higher
0.0 00 GBP/USD (1.6173) The Sterling, once again, is pushing higher. The piercing line candlestick we noted, that pushed the Pound higher originally, is in the past. Still, even with trepidation over the strength of this recovery, …
Read More »Gold Stalls Below $1250
0.0 00 Last week our currency strategist, Jason Schwartzman wrote how the volatility in the precious metal would bring traders more potential and he was right. With that said, all good things must come to an …
Read More »China’s Economic Data Likely to be on our Radar
0.0 00 Beginning tomorrow, China will release a plethora of economic data which will keep investors on the edge of their seats. We will be looking, keenly, at their economic growth as we try to get …
Read More »USD/JPY Pushes Higher After a Harami Candlestick
0.0 00 USD/JPY (¥107.365) The U.S. Dollar is continuing its recovery higher in this market. Looking at our daily MT 4 chart, below, the Doji turned into a bullish Harami candlestick, indicating a move higher. After …
Read More »