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...
Classic divergence is used as a possible sign for a trend reversal. Classic divergence is used when looking for an area where price could reverse and start going in the opposite direction...
After reaching the Friday "truce" between Athens and the creditors on the Greece loans issue for four months under the guarantee of performing reforms, the market focused its attention on the J. Yellen two-day speech , the Federal Reserve governor which will be held on February 24 and 25...
Monday was another tough day for oil, as crude prices dropped more than 2 percent, with WTI finishing Feb. 23 below $50 a barrel for the first time in almost two weeks...
EUR/JPY Technical Strategy: Pending Short at 135.25 Support: 134.97, 133.81, 132.04 Resistance:135.50, 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...
EUR/GBP Technical Strategy: Short at 0.7341 Support: 0.7290, 0.7219, 0.7131 Resistance: 0.7361, 0.7449, 0.7503 The Euro may be resuming its down trend against the British Pound after recoiling from trend line resistance capping gains since early January. Near-term support is at 0...
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...
USD/JPY Technical Strategy: Flat Support: 118.51, 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 theJapanese Yen. Near-term resistance is at 120...
GBP/USD Technical Strategy: Long at 1.5373 Support: 1.5322, 1.5194, 1.4950 Resistance: 1.5551, 1.5737, 1.5923 The British Pound is attempting to resume its push upward against the US Dollar after finding resistance below the 1.55 figure. Near-term resistance is at 1.5551, the 38...
EURUSD - Beware of Eurogroup meetings sudden announcements if you’re trading euro-related instruments. I expect the outcome to be positive and technically eurusd is still hovering underneath the monthly pivot in a bracket (range...
Over the last week, between February 13th and 20th, both gold and silver moved lower, especially in the first half of the week. Gold tested three times $1200 during the week, as silver did the same with the $16.25 price level...
I Remain Short to XAUUSD next week because of the stock market closed in a big gain last friday and OIL Price get higher since 2 weeks, investor could put their money to stock market. I take 1167.39 for the colsest target TP please see my chart https://www.tradingview.com/v/V0J5zrAp...
The negative emotions towards the dollar are exhausted after the Fed minutes publication. The market is again waiting for the new benchmarks and against this background the pair returned to the range trading. The dollar was trading different directed s against its major competitors...
US Dollar - "As we focus our attention on monetary policy as the most active driver for the FX market at the moment, it is still important to keep a close eye on the health of speculative appetite...
EUR remains in consolidation despite the sudden Friday volatility on Greek financial conditions agreement. H4 and Daily indicators are flat and give no information for the future, while Weekly ones seem to point to the upside...
GBP/USD Technical Strategy: Long at 1.5373 Support: 1.5322, 1.5194, 1.4950 Resistance: 1.5551, 1.5737, 1.5923 The British Pound continues to digest gains below the 1.55 figure having hit a two-month high against the US Dollar. A daily close above the 38.2% Fibonacci retracement at 1...
USDJPY short-term technical picture has a confluence of lines to work with as reference points in the short run, while it remains stuck in an intermediate-term range dating back to early December. The 4-hr trend since mid-January has been up, albeit a choppy one...
AUD/USD Strategy: Flat Aussie Dollar Begins Tentative Recovery Critical Resistance Seen at 0.79 Figure The Australian Dollar began to advance against its US counterpart as expected showing a pair of Spinning Top candles coupled with positive RSI divergence...
Talking Points: EUR/USD Strategy: Flat RSI Divergence Warns of Upswing Ahead Bounce Seen as Opportunity to Enter Short The Euro continue to tread water against the US Dollar but positive RSI divergence hints at ebbing downside momentum and warns that a bounce may be ahead...
