The EUR/GBP continues to flirt with the 0.8600 area
The dear old EUR/GBP continues to struggle at the 0.8600 level, testing and retesting on an increasingly regular basis before pulling back to continue this […]
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USD/JPY bouncing back to test 100 again
As the week, month and quarter all come to an end I thought it would be useful to consider the daily chart for the usdjpy […]
EUR/JPY poised at a key level
The daily eurjpy chart is delicately poised right now, and there are several interesting aspects to consider, before arriving at some firm conclusions for the […]
EUR/USD bullish momentum continues – but watch the volume!
Bullish momentum for the eurodollar shows little signs of abating just yet – or does it? Since late May we have seen the single currency […]
Aussie dollar reaching buying climax?
Following the extended bearish phase for the AUD/USD the question that everyone is asking now, is whether this trend has run its course, or are […]
An interesting technical picture on the USD/CAD daily chart
An interesting technical picture is currently developing on the daily chart of the USD/CAD, following the recent sharp move lower for the pair after the […]
Euro dollar bears squeezed again
Another week of pain for the euro bears, as bullish momentum continues to build once again for the EUR/USD, and from a technical perspective, a […]
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 […]
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 […]
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 […]
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, […]
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 […]