FX Technical Analysis – AUD/NZD – More Downward Pressure
May 26, 2011 9:22 am by Russell GlaserFollowing today’s sharp appreciation ofthe New Zealand dollar the AUD/NZD made a breach below a key support level.
FX Technical Analysis – GBP/USD – Two Merging Trend Lines
May 16, 2011 9:42 am by Russell GlaserThe decline in the GBP/USD is approaching a level where two trend lines merge and could provide a technical level for a bounce higher.
FX Technical Analysis – EUR/USD Bullish Flag Trade
May 4, 2011 10:44 am by Russell GlaserThe EUR/USD has consolidated its gains over the past week, creating a bullish flag pattern on the daily chart. Given the Momentum-14 indicator is moving higher, a breakout to the upside is expected.
FX Technical Analysis – GBP/USD
May 3, 2011 3:45 pm by Russell GlaserFollowing today’s release of disappointing UK Manufacturing PMI data, Sterling sold off sharply. Traders should be looking for a technical retracement to reenter at better levels.
Oil Prices Climb above $111 a Barrel
April 8, 2011 7:27 am by Anton EljwizatCrude oil prices rose significantly yesterday and peaked at $111.36 per barrel. However, the daily chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can ...
USD May See Bullish Reversal Against NOK
April 6, 2011 8:08 am by Anton EljwizatAfter tumbling throughout the last week, technical indicators are now showing that the USD/NOK may be due for an upward correction. As we will see, now may be a good time for traders to open long positions for ...
Sell Signals on AUD/USD
March 25, 2011 8:51 am by Anton EljwizatThe AUD/USD experienced much bullishness in the past few days, as it now stands at 1.0240. However; it seems that this trend may be coming to an end. I will illustrate below that the AUD/USD may very well be heading ...
EUR/CAD Uptrend Might be Near the End
March 21, 2011 7:44 am by Anton EljwizatThe volatile of the EUR/CAD pair continues to be affected by the volatile forex market. The last two weeks has seen a lot of bullish strength in the EUR/CAD pair. However, as I demonstrated below, it seems that the pair’s ...
Crude Oil Trades near $103.50 Level
March 18, 2011 8:32 am by Anton EljwizatCrude oil prices rose significantly yesterday and peaked at $103.63 per barrel. However, the 4-hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can ...
