Forex technical analysis: EURUSD rises toward 100 day MATrades above 1.1200 for first time since Brexit dayThe EURUSD has scratched it's way higher in trading today and in the process has extended above the 1.1200 level. Once again the activity remains contained (50 pip trad…Read More
Forex technical analysis: NZDUSD has a mini failure...Can the price now stay below 0.7237-43Looking at the hourly chart, the NZDUSD squeezed above the 0.7237-43 area. THis area had some swing highs and lows going back to July 4th. If the price can stay below, there should …Read More
AUDUSD takes the high road after the RBA rate cutAUD keeps steaming higher despite the RBA rate cutThe mere 60 odd pip loss that came around the RBA cut was as simple a signal as we could get that this baby wasn't going down. I thought we would see 100 pips a…Read More
Forex technical analysis: USDCAD reverses course todayOil is off lows but technical selling helping as wellYesterday the price of crude oil fell below the $40 per barrel level (down about 3.6% on the day) and the USDCAD rose. Today the price is up about 0.9% and nearly all…Read More
Daily Currency Outlook: GPB/JPY And EUR/JPY : August 03, 2016 GBP/JPY Daily OutlookDaily Pivots: (S1) 133.88; (P) 134.72; (R1) 135.55;Intraday bias in GBP/JPY remains on the downside for the momentum. Rebound from 128.86 has completed at 143.21 already and retest of this supp…Read More
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