Please try another search
Wednesday’s price action followed the script laid out in the first part of the week: China’s stock market traded lower overnight as the PBoC left the CNY’s fix essentially...
AUD/USDMarket Scenario 1: Long positions above 0.6982 with targets @ 0.7024 & 0.7063 Market Scenario 2: Short positions below 0.6982 with targets @ 0.6943 & 0.6901 Comment: Aussie during...
CAD/JPY: Analysis from December 17 was very profitable. However declines without any correction reached much lower than I expected (black symbols at H4 chart). I wrote: "Current situation looks very...
USD/JPY fell to a new low last week and touched our 200% Fibonacci extension level of a blue wave (b) where pair can be looking for a support. There are two reasons for that; first is a five wave fall...
It’s said that the night is blackest just before the dawn and investors clearly had a very dim short-term outlook on China’s economy earlier this week. After some aggressive action from...
USD/CADCurrently we are at 1.4221 after a nice pullback in London. We are looking to continue to the 1.270 Fibo at 1.4384 with an overall target near 1.4572. The average daily true range (ATR) for the...
The EUR/USD pair is in a short-term bearish trend, but this decline is corrective and soon we will see a reversal to the upside. I do not expect the price to break below 1.07. Red lines - bearish...
The dollar index still holds above the medium-term upward sloping trend line support but looks like momentum is weakening near the 78.6% Fibonacci retracement of the latest decline. Blue line - trend...
Improving China trade and the continued pause in Yuan devaluation helps equities recover: Investors can breath a sigh of relief, temporarily at least. The doomsday scenario predicted by many and...
GBP/AUD - movement in downtrend channelSince last year's August, GBP/AUD moves in a downtrend. Previous wave of declines finished at 2.0170 (almost 7-months low) and rebound occurred. Price was...
Fresh US dollar high to be hitUS dollar index has been moving sideways for almost the whole year now with a noticeable 6% range. At the start of 2016, the risks from Chinese economy heightened. On the...
Gold: Having followed through lower strongly on Tuesday gold remains weak and vulnerable to the downside on more weakness. On the downside, support comes in at the 1070.00 level where a break will...
Trade Of The Day: USD/JPY strengthened from 117.20 to 118.05 on Tuesday after market sentiment stabilized. The surge of US and European stock markets yesterday may put further pressure on JPY....
The Australian dollar is steady on Wednesday, as AUD/USD trades at 0.7030 in the European session. On the release front, Australia will release two major employment reports, Employment Change and the...
EUR/GBP H4The rate is still struggling with finding a strong daily close above 0.7500 level and on intra-day charts shows strong resistance at 0.7550. My bias is still bearish as long as we are...