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I often get questions like: “Greg, Is the EURUSD in a bull trend or a bear trend? If you look at the EURUSD from January 2011 low to the high, the pair is in a bull trend. If you look at the move from the high in May on the daily chart we are below ...
Looking at the hourly chart in the EURUSD, the price is in a non trending period. The price started a correction move higher on Monday, the price moved above the 100 hour MA (blue line in chart above) and trendline resistance on Tuesday. However, ...
Gold has moved below trendline support on the hourly chart and scooted lower (see chart above). The high for today’s trading remained both the 100 (blue line in the chart above) and the 200 bar Moving Averages (green line). This kept the bears in ...
Silver has fallen below the $40 level on the back of risk off trading, and tests the bottom trendline at the 39.75 level. The price has found some support against the level. However, the move lower has the potential to gain momentum. ...
In the earlier post (CLICK HERE), the price of the USDCAD moved above the 38.2% retracement at the 0.9550 level (see hourly chart below) and when that level held on the correction after the break today, the price moved higher. Now the price is ...
The post FOMC statement market has led to a lower dollar. Perhaps the market was looking for more certainty from the Fed. Instead ambiguity was the name of the game. Anyway, the hope for more transparency was met with the same old same old and ...
There are rumors of a China revaluation this weekend. Inflation is soaring in China and this is worrisome. The global imbalances are also more and more troubling. China and the US are finding that imbalances are not good for either ...
The AUDUSD had a narrow trading range at the top of the range. The pair continues to benefit from a global growth story scenario. Global growth increases, the AUDUSD should benefit. If there are signs of faltering - and the US employment report on ...
Policy would still be accomodative after cuts Time to turn around policy Pause would allow balance sheets to hold steady Could then let some items run off balance sheet Europe’d debt crisis would impance U.S. Bullard is speaking to reporters in ...
For the Week Ahead from FXDD, CLICK HERE.
The EURUSD started the week moving above the daily trendline (see chart above). This however, was reversed and when the price moved back below the topside HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be ...
The Opening Call outlines the levels and events shaping the NY trading day. HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. ...
The KOF which is the Swiss institute of Business Research, published a report looking at the trends in the Swiss economy. In their report they expect the Swiss...... HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may ...
EURUSD goes down and EURUSD goes higher. Where did the bids show up? The 100 hour moving average holds the decline and the price move up and through HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable ...
Resistance at 1.4150 was taken out and the 100 hour MA did little to slow the surge higher. The price has moved higher and is finding resistance against the HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be ...
The AUDUSD has stayed supported and remains in an upward channel on the hourly chart (see chart below). The high for the day comes in at the 1.01876 ..... HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be ...
The GBPUSD tried to correct on the weaker US data but failed to get above the midpoint of the move up from the March 17th low to the high on March 21st at
The EURUSD bottomed earlier today after a 2 day move to the downside. The move to the upside has taken the pair toward the 50% retracement of the decline. That
There is a rumor in the market that Allied Irish Bank missed a coupon payment. This may be contributing to the fall in the EURUSD over the last 30