0.0 00 AUD/USD (0.8765) Resistance Levels: 0.8840, 0.8970, 0.9075 Support Levels: 0.8770*, 0.8660, 0.8570 The AUD/USD Forex pair has put in a couple of bearish reversal signals, starting with a piercing line a day or so …
Read More »Forex Technical Analysis: USD/JPY Suspense at ¥108
0.0 00 USD/JPY (¥107.782) The USD/JPY is at a crossroads and traders are at the edge of their seats as the market is below the key technical level of ¥108. Should we see a daily close …
Read More »Forex Technical Analysis: USD/CHF Sellers Trying to Return
0.0 00 USD/CHF (0.9504) Resistance Levels: 0.9590, 0.9690, 0.9765 Support Levels: 0.9520, 0.9430, 0.9355 Sellers are trying to push the dollar lower in the USD/CHF Forex pair. There is a confirmed dark cover candlestick pattern and …
Read More »Forex Technical Analysis: The USD/JPY Looks Bearish Below ¥108
0.0 00 USD/JPY (¥108.77) The dollar to yen currency pair is keeping trader on the edge of their seats. The recently formed dark cloud cover, see below daily MT 4 Chart, indicates weakness ahead. We are …
Read More »Daily Video Analysis: U.S. Markets are Decimated Overnight
0.0 00 Good morning this is your daily video analysis for Wednesday October 8. U.S. markets were routed overnight as concerns over Europe’s economic slowdown are rattling investors, There is also corporate third quarter growth concerns. …
Read More »Daily Forex Technical Analysis: The USD/CHF Forms A Top Near 0.97?
0.0 00 USD/CHF (0.9587) Resistance Levels: 0.9690, 0.9735, 0.9804 Support Levels: 0.9530, 0.9430, 0.9350 The USD/CHF has formed a top just below 0.97. We note the formation of a dark cloud candlestick which suggests a correction …
Read More »Economic Analysis: Why Treasuries are Now a Good Trade
0.0 00 The Federal Reserve (Fed) will begin to tighten policy at some point in the second quarter of 2015. As this date inches closer, then the prices on U.S. Treasuries will fall. This means interest …
Read More »Daily Forex Trading Strategy: The GBP/JPY Falls through ¥174
0.0 00 GBP/JPY (¥174.054) Resistance Levels: ¥175.30, ¥176.30, ¥177.40 Support Levels: ¥173.65, ¥172.05, ¥170.40 The Sterling has now fallen below a key technical level at ¥174. This is a fresh three week low. Should we …
Read More »Daily Forex Technical Analysis: The Sterling Looking to Recover
0.0 00 GBP/USD (1.6051) The Sterling is trying to recover some lost ground. We are noting, on the below daily MT 4 chart, a piecing line formation. However, the move lacks strength and the new push …
Read More »Daily Video Analysis: It’s All about Japan and Australia Today
0.0 00 Good morning and welcome to CupO’Forex. This is your daily video analysis for Tuesday, October 7. It is all about Japan and Australia as they are releasing policy decisions today. Both stood pat on …
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