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WTI Crude: 104.0 Broken But Follow Through Suspect
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 - Apr 16, 2014

WTI Crude has been staying between 103.0 - 104.0 for most of the entire week, but prices suddenly shot up during early European session, pushing beyond the high of Monday and leading prices to the ...

 
NZD/USD: Overall Bullish Bias Intact
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 - Apr 16, 2014

The downtrend that started since last Thursday received a boost today thanks to weaker than expected NZ Consumer Price Index which came in at a surprising 1.5% versus the expected 1.7% and previous ...

 
USD/JPY- Bounced over 70 pips (risk 23 pips), What now?
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 - Apr 16, 2014

The USD/JPY pair has bounced strongly up from its support zone of (101.43-101.20) on a 60 minute time frame. The total move so far is almost 70 pips whereas the risk was 23 pips. The price is trading...

 
AUD/USD Dip To Try To Hold .9305/00
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 - Apr 16, 2014

AUD/USD bull pressures intact as modest support holds.20A setback within the current digestion range to nudge below modest rebound support at .9370/65, but whilst above a better foundation at .9305/00...

 
AUD/USD: Resistance And Targets
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 - Apr 16, 2014

Following the break of the bullish trendline and resistance levels below 0.940 my AUD/USD bias for an eventual run down to 0.9308 before resumption of gains. At time of writing we are oscillating ...

 
NZD: Testing Critical S/R Levels  
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 - Apr 16, 2014

Following poor data from NZ today, the NZD/USD is by far the weakest currency within Asia Trading. However if the S-R levels hold it can provide buying opportunities.

 
Pound Blasts Above 1.6800‏ As UK Unemployment Drops
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 - Apr 16, 2014

Market Drivers April 16, 2014 UK unemployment dips below 7%Chinese data mixedNikkei 3.01% Europe .97%Oil $104/bblGold $1301/oz. Europe and Asia: CNY GDP 7.4% vs. 7.4%CNY IP 8.8% vs. 9.1%CNY Retail ...

 
NZD/USD: Top in Place Below 0.87?
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 - Apr 16, 2014

Talking Points NZD/USD Technical Strategy: Flat Support: 0.8581 (23.6% Fib ret.), 0.8480-0.8513 (38% Fib ret., Oct 22 close) Resistance: 0.8675 (Apr’13 high), 0.8745 (Apr 10 high) The New Zealand ...

 
USD: Cautious Recovery Under Way
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 - Apr 16, 2014

Talking Points US Dollar Index Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 10439 (61.8% Fib exp.), 10475-84 (channel floor, 23.6% Fib ret.) Resistance: 10401 (76.4% Fib ...

 
USD/JPY: Candle Setup Hints At Rebound
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 - Apr 16, 2014

Talking Points USD/JPY Technical Strategy: Flat Support: 101.48 (channel floor), 100.75 (Feb 4 low) Resistance: 102.11 (23.6% Fib exp.), 102.60 (38.2% Fib exp.) The US Dollar Index may be starting to ...

 
The USD At Week's End
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 - Apr 16, 2014

The U.S. Dollar gained against most of the majors and extended its advance versus the Euro as domestic releases confirmed that Consumer Prices climbed more than anticipated in March, easing investor ...

 
USD/JPY Up On Japan Pensions Fund Action
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 - Apr 16, 2014

USD/JPY Open 101.82 High 102.36 Low 101.41 Close 101.89On Tuesday USD/JPY traded within 50 pip range. The currency couple depreciated from 102.00 to 101.49 yesterday, matching the negative money flow ...

 
China Slows But Beats, Ukraine Heats Up
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 - Apr 16, 2014

China’s economy in Q1 dipped to its slowest level of growth in 18 months it was shown overnight as the valuable construction sector slowed amid calls and plans for ongoing credit tightening. The...

 
EURUSD : Correction Within An Uptrend
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 - Apr 16, 2014

EUR/USD has been trading to the upside last week after broken channel line connected from 2014 highs with impulsive price action from 1.3671. As such, we think that leg from the low is part of a ...

 
Aussie Lower On Chinese Concerns
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 - Apr 16, 2014

The Australian dollar fell considerably on Tuesday, down around 0.90% on the day, ahead of important Chinese data tomorrow morning (GDP, industrial production). Traders are reluctant to push price ...

 
Daily Forex Update: EUR/NZD
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 - Apr 16, 2014

EUR/NZD continues to rise after the recent reversal from the lower support trendline of the Down Channel that was previously identified by Autochartist on the daily charts – as you can see from ...