Yen index delicately poised, just like the USD index
Just like the US dollar index, the yen index too, is in a delicate phase of price action on the daily chart. Following the extended […]
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Forecast for the EUR/USD today
Bullish momentum has returned to the EUR/USD once again, following Friday’s plunge lower for the US dollar, which sent the pair surging higher to test […]
Soybean futures setting up for a deeper move – be patient!
For traders in soft commodities, Soybean remains the stand out commodity for 2012, having delivered two outstanding trades since June. First a bullish trend run […]
Forecast for the E-mini NASDAQ 100 index next week
With the US markets closed today, and with a holiday shortened trading day ahead tomorrow, many traders are now looking towards the year end, and […]
EUR/JPY set to move higher on the daily chart
With the US markets closed today for the annual Thanksgiving holiday, many currencies have struggled to find any traction, but not the Yen, which continues […]
WTI crude oil continues in sideways price congestion
WTI crude oil futures continued to trade in a narrow range once again today, oscillating between the $86 and $88 per barrel region, as the […]
Gold looking set to break out – but when?
The gold market has continued to trade in a relatively narrow range once again today, with the December gold futures contract marginally above this morning’s […]
Where next for the USD/JPY on the daily chart?
The dollar yen moved higher once again yesterday, closing at 81.67 on the daily chart, and this positive sentiment has continued once again in this […]
Forecast for the USD index
An interesting start to the week for the US dollar, as the currency paused for breath on the daily dollar index chart, following it’s recent […]
Forecast for the USD/JPY
The USD/JPY surged higher in yesterday’s forex trading session, breaking through resistance in the 80.50 region, and closing with a wide spread up bar at […]
Forecast for the E mini YM index
Risk appetite evaporated yesterday once again, with the YM Dow e mini (YM) closing with a wide spread down bar on the daily chart. The […]
Forecast for the USD/JPY on the daily chart
The USD/JPY continued to trade above the psychological 80 level once again today, despite testing the 79.95 level on the daily chart, before clawing it’s […]
NZD/USD starting to look bearish on the daily chart
The price action for the NZD/USD could best be described as desultory over the last few weeks, with the pair having failed to continue the […]
Despite minor pullback the GBP/JPY remains bullish
Not a currency pair for the faint hearted! The GBP/JPY can be an extremely volatile pair to trade yielding good profits quickly, but losses can […]
Forex forecast for the EUR/GBP
The eurgbp continued in positive tone last week, despite closing on Friday, marginally lower at 0.8134 with a narrow spread down candle. This bullish momentum […]
Oil forecast for WTI December futures
Like many other commodities yesterday, December oil futures traded in a narrow range, drifting back and forth and lacking both energy and direction, with the […]