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GBP/JPY Daily OutlookDaily Pivots: (S1) 184.80; (P) 185.30; (R1) 186.10; . At this point, we're favoring the case that consolidation pattern from 180.36 has completed at 188.79. Deeper fall is...
Let’s start our examination of the U.S. dollar (USD) by recalling the chart from my September 2014 essay, Why the Dollar Could Strengthen—A Lot. At that point, the USD had moved modestly...
EUR/USD and USD/CHF; Our Inversely Correlated Sisters: With huge announcements from both the Federal Reserve and the European Central Bank in the coming weeks, the normally uneventful Thanksgiving...
The trend in EUR/USD is bearish but downside momentum is waning. Breaking the price channel of the last 2 weeks will show the way.EUR/USD Original post
GBP/USD: GBP/USD targets further price build up following its temporary bottom on Wednesday. It looks to extend its recovery towards the 1.5196/99 zone, leaving risk of further move higher. On the...
There is one little-followed pair that could be shaping up for a big move as we head into next week.CAD/JPY has been consolidating in an increasingly tight range for the last three months, bounded on...
The USD/CAD was mostly flat as the strong U.S. economic data was cancelled by the surge in oil prices. The pair is trading at 1.3304 and is in a tight range ahead of the Thanksgiving holiday in the...
The Dollar Index, now at a 12-year high, could top 102 next.Monthly Dollar Index
Details of potential stimulus by the ECB guides EUR below the key psychological 1.0600 level to reach its lowest since AprilPrice action today stemmed from reports by monetary officials suggesting...
It’s been quite a busy morning for EUR/USD traders, despite the impending US holiday.The fireworks kicked off at the start of today’s European session, when a report from Reuters revealed...
The EUR/USD has been in a sell climax for a month, but it still is above the April higher low. The 240-minute chart had a wedge bottom over the past week. There is a 75% chance of a bull breakout. The...
AUD/CHFCurrently we are at 0.7406. We are looking to continue to the R6 resistance at 0.7484 and expect a correction there. The average daily true range (ATR) for the pair currently is 58 pips
EUR/USD fell nicely down in the last 24 hours into a new low, so downtrend is back in play; therefore, we expect more weakness after any corrective set-back. First nearest resistance for a new drop...
The US dollar shook off yesterday’s mixed data flow to trade sharply higher over the European morning on reports that the ECB are considering further policy easing. Equity markets are stronger...
Rising tensionsGeopolitics came to the forefront yesterday, casting a shadow over the highly respectable U.S. GDP results (+2.1%) posted earlier in the day. Fears of a conflict in the Middle East...