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Monday's bullish CHF/JPY set-up on the 4-hr chart went a little higher , but failed to hit the target and then fell back down again. Well, now another bullish set-up has occurred on the 4-hr chart,...
Technicians talk about consolidations and breakouts, patterns and ratios. It seems like they make it up. But quite often there is reason and truth in the art of technical analysis. One example is in...
The very short-term trend on the 4-hr chart has reversed and turned bearish. It has broken below a trend-line and formed two lower lows and two lower highs. It will probably continue down towards...
The USD/CAD pair is in a short-term down-trend after breaking below the neckline of a head-and-shoulders pattern. It has pulled-back temporarily but it will probably break lower extending the trend...
The mighty dollar took advantage of thin holiday trading conditions yesterday and rallied against the single currency. That trend continues this morning with the sell off in U.S bonds pushing the U.S....
GBP/JPY Daily OutlookDaily Pivots: (S1) 181.26; (P) 181.77; (R1) 182.15; Intraday bias in GBP/JPY remains neutral for the moment. As long as 180.64 minor support holds, further rise is expected. As...
GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.1150, target 1.1350, stop-loss 1.1040, risk factor **USD/CHF: short at 0.9400, target 0.9200, stop-loss 0.9500, risk factor...
The yen is in a very clear range pattern with a slight bearish bias along the top side. A rejection from here would confirm a continuation of the range pattern that will likely take the pair back to...
We’re finally there. In a few short days, the UK will go to the polls and a new political story will take over; the campaign will be over, the coalition building will begin and Sterling will...
The dollar gained against most major currencies on Monday, after data showed that U.S. factory orders rose for the first time in eight months in March and together with positive U.S. economic reports...
The Reserve Bank of Australia lowered the cash rate target 25 basis points to 2.00% as expected, but guidance was apparently not as dovish as the market was pricing in. Governor Glenn Stevens’...
Talking Points:Aussie Dollar Gains Despite RBA Rate Cut Amid Fading Further Easing Bets US Dollar Looks to Service-Sector ISM Figures to Inform Fed Rate Outlook The Australian Dollar traded higher...
KEY DATA RELEASES TODAY (BST) : 09:30 GBP Construction PMI 57.6 v 57.8 13:30 USD Trade Balance -41.2B v -35.4B 15:00 USD ISM Non-Manufacturing PMI 56.2 v 56.5OVERNIGHT: EUR/USD rallied to print a...
EUR/USD The Euro resumes pullback off 1.1288, after losing initial 1.1173 support, 01 May low and today’s probe below psychological 1.11 support. Overall bullish structure sees the pullback as...