Latest FX Articles
FOREX-Dollar hits 15-yr low vs yen, euro struggles
FOREX-Dollar hits 15-yr low vs yen, euro struggles Read More →
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CLICK HERE!Dollar Rallies on Weak German Data
Oil: Crude Oil is displaying significant bearish signals after yesterday's failed breach of the $75 price level. The hourly chart has the pair trading in the overbought zone on the pair's Relative Strength Index, indicating a possible move lower. The chart also shows a bearish cross has formed on the Slow Stochastic Oscillator that may support this downward move. Forex and commodity... [Read more]
Trading Mastermind
Daily Forecast : September 08
EURUSD Forecast: The EURUSD had a significant bearish momentum yesterday, bottomed at 1.2677 and closed at 1.2681. On h4 chart below we can see price is ready to test the trend line support. Break below the trend line support not only could continue the bearish pressure in nearest term but also could be the end of technical bullish correction and activate my bearish mode. CCI in oversold area and... [Read more]
European Woes Weigh on Euro
A stack of negative fundamentals rose to the surface in unison to pressure the euro; Irish fiscal woes, a drop in German manufacturing data, and European banking system concerns. Today’s Economic Data Releases: GBP – Halifax HPI m/m Expectation: -0.3%. Previous 0.6%. Housing data for Britain has been weak since the beginning of the economic recession. The trend of a struggling British housing... [Read more]
DAILY FORECAST FOR USDJPY
Bias: While 84.26-39 caps I see room for losses to 82.71-88 and max 82.34-44 The break of 84.03 and 83.74 has seen price edge lower to a marginal new low at 83.51. I feel the first half of the day may well see the correction extend a little higher to 84.08 minimum and I tend to prefer a test of the 84.26-39 resistance. Look for a bearish trade set up there. From this area the 83.51 low should... [Read more]
