Playing the Upside on the EUR/USD
The Euro continues to surge against the U.S. Dollar, recently breaking through the previous ceiling at 1.3334 which was the August 6 high.
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The Euro continues to surge against the U.S. Dollar, recently breaking through the previous ceiling at 1.3334 which was the August 6 high.
Read MoreDespite the Bank of Japan (BOJ) intervention, there doesn’t seem to be enough bullish sentiment to reverse the downtrend on the daily chart.
Read MoreThe downtrend on the 30 and 60-minute swissy (I prefer the clarity of the 60-minute market trend) is still intact and as we all watch this pair sink below parity, I think many of us are thinking we’d like to short a bounce. But a bounce to where?
Read MoreThe downtrend on the 30 and 60-minute swissy (I prefer the clarity of the 60-minute market trend) is still intact and as we all watch this pair sink below parity, I think many of us are thinking we’d like to short a bounce. But a bounce to where?
Read MoreThe 15-minute AUD/USD has been trending higher despite a recent exhaustion just above 0.9180. This pullback is setting up a possible swing buy from either the top line of the 34EMA Wave but could extend lower to the uptrend line support of the Channel Up pattern.
Read MoreThe AUD/USD rallied from 0.8911 to the current levels at 0.9107 through Wednesday. This steep ascent was caused by the Australian Dollar’s strength over a very weak U.S. Dollar as U.S. equities rallied strongly throughout the trading day.
Read MoreSo 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?
Read MoreThe 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?
Read MoreThe 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.
Read MoreThere’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.
Read MoreHe was a self-made man who owed his lack of success to nobody.Joseph Heller