February 27, 2014
Despite softer German CPI we have seen a brief correction in EURUSD fall from the 1.3772 a potential inverse head and shoulders is now forming with resistance coming in at 1.3695 we have some soft data in the form of bloomberg consumer confidence out at 2.45pm (GMT) but the main focus will be on Yellen testifying at… View Article
February 27, 2014
27/2/14 (12.00pm) XAU/USD pushed lower yesterday weakening to the $1320 support level. Nonetheless Gold continues to try and advance higher and a supportive candle would be sufficient to start buying gold again. As we have previously stated we strongly believe Gold is primarily heading towards the $1360 level, but could be a bit testing between… View Article
February 27, 2014
Good morning, There has been some movement during the US session and overnight and based on my yesterdays post and positions here is an update: We have two positions short AUDUSD and are onside 150 pips and about 80 pips on each one. We are still holding this short position aiming to go all the… View Article
February 26, 2014
I posted earlier about looking to sell rallies on GBPUSD in line with dollar strength today, we have seen GBPUSD break through yesterdays lows to test the 1.6620, note also the recent rally was capped at the 61.8% fib for the move down from 1.6823 to 1.6583, this has also formed a double top and… View Article
February 26, 2014
Today we have seen dollar strength across the board. We have seen EURUSD trade to session lows of 1.3663 with GBPUSD testing the 1.6620, USDCAD broker above intra day resistance and traded as high as 1.1115, AUDUSD has come under downside pressure with a 0.8956 low traded, Gold has also followed suit after trading as… View Article
February 26, 2014
Some very strong US housing data has seen the continuation of the move higher in the dollar, with EURUSD breaking the 1.3685 support, now trading as low as the 1.3668, GBPUSD hasn’t moved as much trading as lows as the 1.6640 intra day support. The move has seen the dip in USDJPY to 102.09 attract… View Article
February 26, 2014
With the market now testing the support mentioned earlier at 1.3685 should we break and start a move lower I don’t see much in the way of support until we test the daily 100 exponential moving average at 1.3610 and then the 12/02/2014 lows at 1.3561 below there is last January lows at 1.3475.
February 26, 2014
The main direction in trading today has been dollar buying, this has weighed on the EURUSD with the pair now approaching some key support, a break of the 1.3685 indicates an end of this current up trend and we eye further downside.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
