NZD/USD gives us some technical and fundamental lessons
The daily chart for the NZDUSD has thrown up some interesting lessons for forex traders in the past few days, and well worth some analysis. […]
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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 […]
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 […]
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, […]
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 […]
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 […]
Dollar yen now preparing to test 100 – again!
We had to put the 100 birthday party on ice the other day, as the USD/JPY stumbled up the steps on arrival at the celebration, […]
Prediction for the Euro Dollar
A significant day for the euro dollar yesterday, which closed the forex trading session with a wide spread up candle, breaking out of the recent […]
Aussie dollar bouncing back
The 1.0600 region remains a bridge too far for the Aussie dollar, and indeed as I suggested in a post last week, the long legged […]
EUR/GBP breaking higher once again
The EUR/GBP like many other euro pairs continues to defy the euro skeptics with the single currency continuing to recover from the after shocks of […]
Long legged doji candle signals warning on Aussie Dollar chart
Are we seeing yet another failure at the 1,0600 region for the Aussie dollar? Yesterday’s price action would certainly suggest this is the case, with […]
USD/CAD continues sliding lower in bearish tone
The USD/CAD continued to move lower once again yesterday, ending the forex trading session with a wide spread down candle and closing the session at […]
The USD/JPY turns 100 today !!
Today is the day that the Yen turns 100, and if he or she were living here in the UK, a telegram would be winging […]