NZDUSD is struggling to reclaim lost ground with an absence of bullish candlesticks casting doubt on a recovery. A Dragonfly Doji is emerging on the daily, which may offer a sign of hope to the bulls...
Age matters a lot when it comes to investing. A couple with a newborn is undoubtedly going to have different requirements from a person nearing retirement. Still, equally important as age is the life stage you are in...
The USD/CAD pair tried to break above the 1.10 level during the course of the week, but failed yet again. This only tells us how important this area is, and that breaking above it does in fact send this market much higher...
The USDJPY pair as you can see broke much higher during the course of the week as we clear the 103 level finally. This was an area that had been significant resistance over the last year, and as a result we feel that the market is in fact starting to break out...
There's really not much to tell for EURUSD's short term price movements. It fluctuates up and down, but eventually just about always comes to another crashing fall. Speaking of the short term, the trade should be pretty clear - sell...
I made an earlier post on the NZDUSD pair stating the possibility of this pair rebounding from a support and established a very specific set of conditions for that possibility. It looks like NZDUSD is really going nowhere, but down! First off, the daily chart is what we will look at...
“The combination of the .9400 figure and weekly RSI failing near 60 indicates a lot of overhead to punch through. Since the 2011 top, each RSI failure near 60 has led to a top or topping process (range for several weeks then a breakdown...that may be the case now...
Been posting quite a few sell setups so I thought I might switch over to a pair worth buying into. USDJPY has been consolidating since last year actually. The day over day movement has been dying down, but we're seeing a pick up...
The dollar dominated once again, with multi-month gains against major currencies. Is it time for a correction or will this trend continue? German Ifo Business Climate, US housing data, Durable Goods Orders and GDP are amongthe highlights of this week...
Observing XAUUSD, the equivalent of gold, it looks like this pair is still wedging. However, it will be a long time before we see some real consolidation going on here. Gold closed higher for once after 5 days, or a week, of selling...
There isn't much to tell here so treat it as a quick update on NZDUSD. We have already established the support zone defined on the daily chart. This pair closed higher yesterday, but ended with a lower close despite being very small. We can treat the candle as a doji...
Originally Published On PriceWorksFX.com Just a couple of days ago, I wrote post on two pairs worth shorting. And I still have my mind made up about these two pairs. Hitting a supply zone once again, it is on its way back down. The U.S...
Originally Published On PriceWorksFX.com Yesterday's post stressed watching for the daily close. If it closed too sharply down, it would be treated as a support break and further downward pressure would take place. Only, it closed up yesterday...
Today’s close marks a very critical point for NZDUSD. Taking a look at the daily chart, NZDUSD is currently testing a support zone...
Prices broke above the 38.2% Fibonacci expansion at 1963.70, exposing the 1985.30-91.40 area marked by the 50% level and the July 24 high. A further push beyond that aims for channel floor support-turned-resistance at 1999.10. Alternatively, a turn back below at 1963.70 targets the 23...
The 2014 dollar rally had long been predicted, however a poor winter in the United States saw the currency falter in the first half of the year putting paid to these predictions. After a decent summer of gains we ask whether the USD is about to restart its stalled longer-term climb again...
Available indicators of Brazil’s economic activity during the 2014 FIFA World Cup are as poor as the performance of its national team during the tournament. As a number of Brazilian host cities shut down on the days when matches were played, economic activity fell across the country...
US DOLLAR TECHNICAL ANALYSIS Prices turned lower as expected, completing a bearish Evening Star candlestick pattern and hinting at further losses ahead. Negative RSI divergence bolsters the case for a downward scenario. A daily close below the 14.6%Fibonacci retracement at 10547 exposes the 23...
The S&P 500 rose during the course of the week, breaking the top of the previous week’s hammer. Because of this, it looks like we are heading back towards the 1990 handle, an area that can be used as a staging for the massive breakout that’s expected at the 2000 level...
