GBP/USD now broken above key resistance level
In a post last week on the GBP/USD I suggested that a break beyond the key resistance level in the 1.5600 region could provide the […]
2013
Crude oil struggles to move higher – key resistance now in sight (again!)
Crude oil continues to trade in a narrow range moving back and forth between the $91.50 per barrel region to the down side, and $97.50 […]
GBP/JPY preparing to break higher and test resistance above
With the rush to the Japanese yen now appearing to have run out of steam, it’s a good time to be taking a closer look […]
Price prediction for gold as market looks weak
Another bad day at the office for gold bugs on Friday, as August gold futures contract ended the week with a wide spread down candle, […]
Cable now delicately poised at key resistance level
Another day of bullish momentum for cable, which surged higher on sustained US dollar weakness, and ending yesterday’s forex trading session with a wide spread […]
Aussie dollar reaching potential reversal?
The weekly chart for the Aussie dollar makes for some interesting reading right now, following the extended phase of bearish momentum which has seen the […]
July soybean futures continue higher – but for how much longer?
For technical traders one of the key price patterns that we always focus on is when markets are in congestion, and the question, of course, […]
WTI remains rangebound
The September WTI crude oil contract continues to oscillate between $91.50 to the downside and $97 to the upside, refusing to attack the $100 per […]
Dollar weakness fails to help gold move higher
The daily gold chart for August gold futures, neatly summarizes the curious confluence of market forces which have been thrown seriously out of kilter recently […]
Bullish momentum continues for the EUR/USD
Euro bears are once again licking their wounds, desperately covering their short positions as the EUR/USDย bounces back and looking to re-test the 1.3250 price area, […]
The yen index is now poised at key resistance level
Unlike the USD index, the Yen index is delicately poised below a key area of price resistance in the 7780 region, which has now been […]
USD index reverses on weekly doji candle
As we come to the end of another trading week, I just want to return to the USD index, following my post earlier this week […]
Bullish momentum returns for the USD/JPY
The dollar yen staged yet another of its notorious and acute corrections against the background of the usual media reaction, suggesting that the pair was […]
Dollar index reflects indecision in market’s view of USD
Following two weeks of solid gains for the US dollar, last week’s price action was an anomaly, given the sharp sell off in risk assets […]
Gold price now at key level on the daily chart
Following a highly emotional trading week, markets have resumed this morning on a positive tone after the extended holiday in both the US and the […]
EURGBP looking set to move higher
When trading the euro the vast majority of forex trades simply focus on one pair, namely the eurodollar. This is a great shame as they […]
Crude oil poised to move higher
Since my last post on the WTI futures contract, the commodity has continued to oscillate in a relatively narrow range, with the upper level of […]
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