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On Thursday the New Zealand dollar rose against greenback, to trade close to a one-month high after the release of strong New Zealand trade balance data...
From the right and left (hawk and dove) came these rhetorical statements/questions: Senator Richard Shelby of Alabama, Chairman of the Banking Committee said, “Many question whether the Fed can rein in inflation and avoid destabilizing asset prices when the time comes to unwind its massive $4...
For today R4 - 1.2775 R3 - 1.2697 R2 - 1.2662 R1 - 1.2617 SPOT 1.2434 S1 - 1.2353 S2 - 1.2294 S3 - 1.2200 S4 - 1.2115 BUY AT 1.2360 FOR 1.2700 STOP AT 1.2290 How to trade support & resistance levels To see more ideas, check my blog Or follow on Twitter...
USD/JPY Technical Strategy: Flat Support: 118.62, 117.17, 115.48 Resistance: 120.82, 121.91, 123.88 The US dollar continues to stall, with prices oscillating in a narrow range below the 120.00 figure against the Japanese Yen. Near-term resistance is at 120...
EUR/JPYTechnical Strategy: SHORT AT 135.25 Support: 133.81, 132.04, 129.17 Resistance:135.86, 137.64, 139.95 The Euro appears to have resumed its decline against the Japanese Yen as expected having overturned rising trend support set from late January. A daily close below the 14...
AUD/USD Technical Strategy: Flat Support:0.7851, 0.7715, 0.7625 Resistance:0.7899, 0.8069, 0.8343 The Australian Dollar is attempting to break upward against its US namesake having languished in a narrow range for nearly a month...
NZD/USD Technical Strategy:Flat Support: 0.7514, 0.7479, 0.7421 Resistance:0.7573, 0.7619, 0.7666 The New Zealand Dollar looks to be resuming the advance against its US counterpart, clearing a formerly broken channel floor recast as resistance. A daily close above the 38...
EUR/USD Technical Strategy: Flat Support: 1.1276, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro remains in digestion mode after bottoming as expected against the US Dollar following the appearance of a bullish Morning Star candle pattern. A daily close above the February 3 high at 1...
The indicator of OsMA, marking the decline of activity ofparties, gives founding to priority of planning of tradeoperations of correction and to date...
The indicator of OsMA, marking divergence and tendency ofdecline of activity of parties, gives founding to priority of planning of trade operations of lateral correction with advantage of short positions to date...
US DOLLAR TECHNICAL ANALYSIS Prices are struggling to find follow-through after falling as expected having formed a bearish Evening Star candle pattern. Near-term support is at 11740, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23...
Divergence is one of the trade setups used by Forex traders. It involves looking at a chart and one more indicator. For our example we shall use the RSI indicator...
AUD/USD: Short One short position with a trailing stop is still open for the last four weeks. See for more information my weekly reviews on my strategy lately. The AUD is having a currency a score of 4 and and the USD is down 1 point from 8 to a score of 7 compared to last weekend...
Another 10K contraction in German Unemployment may encourage a near-term rebound in EUR/USD as it raises the prospects for a stronger recovery in the euro-area...
The Nasdaq is doing the most bullish thing a market can do (MarketWatch) but see As FTSE Hits a 15 year Record, Beneath the Surface... (Moneybeat) Climbing the Great Wall of Worry in China (Market Anthropology) The Winners Curse: Too Big to Succeed...
On Wednesday oil prices traded higher, as investors weighed improving economic data from China against signs of a continuing supply glut in the U.S, says The Wall Street Journal...
It is hard to overestimate effect of austerity measures over Portugal. On the one hand, many economists, including authorities, are saying the worst is over...
This is an excerpt from the Wall Street Journal: U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence of wrongdoing, according to people close to the inquiries...
The European currency fell against the US dollar after the weaker than expected German Ifo index report. Janet Yellen’s speech did not move the market. Janet Yellen announced that the rates would be at the current level for a while...
On Wednesday gold prices edged higher during European trading hours, as China's New Year celebrations finished and as uncertainty over US interest rate rises weighed on the dollar...
