Yen Index Heavily Bearish
Most of us are familiar with the Dollar Index, but I thought it would be interesting to post the hourly chart for another index that […]
2013
Eurodollar continues to frustrate the bears
The eurodollar continues to frustrate euro bears with its unerring ability to rise phoenix like from the ashes of yet another sell off. Indeed the […]
Sell in May & Go Away (Or Not)!
There is always an exception that proves the rule, and this month has certainly been one of those, as anyone who did indeed ‘sell in […]
Silver now building a pennant pattern on the daily chart
Whilst gold has managed to struggle and claw it’s way higher following the sharp sell off in mid April, silver has remained waterlogged on the […]
Forecast for the US dollar on the daily USD index chart
Whatever the market we trade, and whether we are speculators, investors, swing or trend traders, there is one chart which always holds the key, and […]
Crude oil now finely balanced above support level
An interesting period of price action for oil traders over the last few days, as the short term negative sentiment of early May was duly […]
USD/CAD continues lower with bearish momentum
Bearish momentum in the USD/CAD continued once again yesterday, building on Monday’s negative start to the week for the pair, moving lower once again today, […]
Silver Remains Bearish
Whilst silver bulls are no doubt relieved to have seen a halt to the recent downwards roller coaster ride for the industrial metal, the last […]
WTI Struggling To Regain Bullish Momentum
Following the bullish recovery for crude oil of the last two weeks, which saw the commodity recover from the lows of $86 per barrel to […]
USDCAD Continues Its Bearish Tone
A pivotal day for the usdcad yesterday which saw the pair close the trading session with a wide spread down candle, breaking below the psychological […]
EURUSD Positive Ahead of Rate Decision
A very pretty picture for the eurusd on the daily chart, and no doubt one which is making the euro bears weep, once again, with […]
Gold futures on the 5 minute chart – a different perspective!
A very short post just to round off the week, with the June GC gold futures contract on the five minute chart. I normally post […]
USD/CAD price prediction and forecast
It’s been a real struggle for the USD/CAD this week, with the pair finally collapsing lower yesterday, and ending the session with a wide spread […]
Aussie dollar continues in sideways congestion – again!
The recent reversal in the Aussie dollar, triggered following the long legged doji candle of mid April, which was duly topped off with an isolated […]
Silver price prediction based on hope!
Silver futures continued to trade in a narrow range once again today, desperately trying to find some traction in the $22 per ounce level, following […]
Cable now running out of bullish momentum
For forex traders in cable, the last few days could best be described as difficult, as the pair continue to trade in a narrow range, […]
Aussie dollar weighed down with gold
Weakness in commodities and more particularly in gold, is not helping the Aussie dollar at the moment, as the pair continued lower once again last […]
Recovery in gold price looking weak
With the price of gold having staged a modest recovery last week, the question everyone is asking is whether this is simply a reaction to […]