USDJPY extends to new highs. Buyers make a play and look toward key daily MA targets
The USDJPY is extending above the high from earlier this week at 149.974 for the 2nd time today, but is…
Category: Technical Analysis
NZDUSD buyers try to make a play. What needs to happen to give them an edge in the ST.
The NZDUSD has been consolidating over the last week or so of trading with the 61.8% of the move up…
USDCAD bounces off retracement support. Can the buying continue toward the highs now?
The USDCAD moved up for 9 consecutive days and was on its way to 10 straight on Tuesday before hitting…
The AUD is the strongest and the CAD is the weakest as the NA session begins
As the North American session begins, the AUD is the strongest and the CAD is the weakest. The ECB will…
Kickstart the FX trading day for Oct 17 w/ a technical look at the EURUSD, USDJPY & GBPUSD
The ECB cut rates by 25 basis points as expected. The US data dump at 8:30 AM ET was stronger…
EURUSD remains below the 200 day MA at 1.08727 after ECB rate cut
The ECB did cut rates by 25 basis points as expected. A summary shows: Interest Rate Changes: Lowered the deposit…
USDCAD Technical Analysis – Testing a key resistance
Fundamental Overview The US Dollar has been gaining ground across the board this week despite the lack of economic data…
AUDUSD Technical Analysis – Breakout or fakeout?
Fundamental Overview The US Dollar has been gaining ground across the board this week despite the lack of economic data…
Copper Technical Analysis – The market demands more from China
Fundamental Overview Copper erased most of the gains from last month’s strong Chinese easing measures as the market got disappointed…
USDCHF Technical Analysis – The greenback remains in the driving seat
Fundamental Overview The US Dollar has been gaining ground across the board this week despite the lack of economic data…