Technical Analysis

Selling Rallies Short-term and Buying Dips favored in USDCAD (extract from Weekly Market Forecast 18th of May 2014)

The US dollar was seen trading lower against the Canadian dollar this past week. There is now a down-move trend…

12 years ago

NZDUSD rally remains attractive to sellers

The New Zealand dollar traded higher recently against the US dollar to trade close to the 0.8690 level. However, the…

12 years ago

OIL: Selling in the short term preferred

OIL is trading a bit higher, as the US retail sales data which was released yesterday came as a disappointment.…

12 years ago

AUDUSD rally running out of steam, selling preferred

The Australian dollar traded higher recently against the US dollar to trade close to the 0.9400 level. However, the pair…

12 years ago

USDJPY set to regain negative bias above 102.10 (extract from Weekly Market Forecast 11th of May 2014)

The US dollar was seen trading higher against the Euro and pound, but was unable to gain ground against the…

12 years ago

NZDUSD set to regain bearish tone around 0.8700

The New Zealand dollar is trading lower intraday against the US dollar, as the comments from RBNZ officials regarding the…

12 years ago

USDCAD to correct higher above 1.0900

The USDCAD pair dropped lower yesterday, as the US dollar weakened against most of the major currencies. The pair traded…

12 years ago

AUDUSD ready for fresh intraday gains above 0.9310

Today we have an interesting opportunity for AUDUSD. The Australian dollar is trading a touch higher against the US dollar,…

12 years ago

USDJPY to extend trading ranges on the downside below 102.00 (extract from Weekly Market Forecast 4th of May 2014)

The US dollar closed the week lower against the Japanese yen even after the positive nonfarm payroll report. The USDJPY…

12 years ago

GBPUSD ready for fresh yearly high above 1.6920

The British pound traded higher against the US dollar yesterday after the positive manufacturing PMI. The GBPUSD stopped around the…

12 years ago