Monthly archive January, 2017

The dollar edged up on Friday, bouncing back from a seven-week low on optimism over the U.S. economic outlook and corporate earnings. Meanwhile the Mexican peso plunged after the White House floated the idea of a 20 percent tax on Read More →

Key Points

• The Euro started a downtrend after facing sellers near 1.4300 against the Canadian Dollar.
• There was a major bullish trend line broken at 1.4060 on the 4-hours chart of EURCAD.
• Today, the German Import price index report was Read More →

In the short run, we continue to expect EURUSD and GBPUSD to test major resistance levels, which is consistent with our roadmap from 1999, before turning again later.

Looking back to 1999, as the DXY started turning higher in Read More →

Key Points

• The Aussie dollar remained in a downtrend against the Kiwi dollar and settled below 1.0400.
• There is a crucial bearish trend line on the hourly chart of AUDNZD with a resistance near 1.0400 at the moment.
• Today, the Read More →

Key Points

• The British pound traded consistently higher against the Swiss Franc recently and moved above the 1.2600 resistance.
• There are many support trend lines on the downside at 1.2620-1.2600 on the hourly chart of GBPCHF.
• Today, the Switzerland Trade Read More →