The euro moved higher against the broadly weaker dollar on Friday as concerns over the outlook for U.S. economic growth continued to weigh, despite a report showing that U.S. consumer sentiment improved this month. EUR/USD ended Friday’s session at 1.3649, up 0.28%. For the week, the pair added 0...
The light sweet crude market initially gapped higher at the open of the week, but old backwards and fell down to the $105 level...
In analyzing thousands of trades and investments, I have found that many lose money because of their entry levels, not because of what they are buying or selling. This is, of course, also directly tied to a lack of any consistent risk management strategy...
The Parisian index fell hard during the course of the week, testing the region just above the €4400 support level. This area is significant because it is not only a round number, but it is an area that has been both supportive and resistive previously...
EURUSD and USDCHF divergence GBPUSD momentum considerations USDJPY tests important support “Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open...
After a strong rally last week, Gold has been consolidating roughly between 1326 and 1306. We saw traders during the 6/26 session respect the support around 1306, bringing back June’s bullish trend in focus. The technical conditions in the 4H chart favor a bullish breakout...
For months, Merlin has been encouraging listeners to look at their long term investment accounts to get a greater understanding of how they are positioned in these uncertain times. On this show, several listeners seek further suggestions on just how to accomplish this...
On periods W1, D1 situation since last week has not changed. Open strong channel with the direction of down. So far we not see to breakout the level 23.6...
US Dollar on the Verge of Major Breakdown Again S&P 500 Digesting After Recoiling from Resistance Gold, Crude Oil Locked in Familiar Trading Ranges US DOLLAR TECHNICAL ANALYSIS – Prices remain under pressure as prices test below multi-year rising trend support set from July 2011...
This article is a capstone on the topic of support and resistance. Below we discuss multiple subjects within the field of support and resistance, many of which offer more detailed information by clicking on the relevant link...