Selling into the USD/CHF Rally?
The rally in the USD/CHF has pushed the short-term intraday time frames into an uptrend to begin the week. The question is how much longer can be bullish momentum last?… More…
So by now it's obvious that idea behind an exhaustion and reversal in the USD/CHF has followed through lower, now the question is where is the buying support?… More…
The rally in the USD/CHF has pushed the short-term intraday time frames into an uptrend to begin the week. The question is how much longer can be bullish momentum last?… More…
The EUR/USD continues to hold support but is struggling to push to new highs after a fifth session of trading within the narrow range from 1.2932 to 1.2733. The stall that the daily chart is in came just after a strong pullback on August 11 and the bulls have yet to recover. … More…
There's strong confirmation that the 15-minute GBP/USD has put in a top as price action has created a ceiling along the highs of 1.5701 and 1.5692. The 15-minute chart is currently in a distribution market cycle which makes the exhaustion fade off this ceiling an agressive way to short sell the weakness - if confirmed by an overbought Stochastics.… More…
The daily chart of the USD/CAD is in a distribution market cycle and this sets up an distribtion fade entry long off support. While I am sharing a longer term upside target in the chart below, there wll be resistance at a minor downtrend line at 1.0400 and a ceiling at the 1.0600 major psychological level.… More…