Monthly archive August, 2014

Talking Points AUDCHF testing 2014 high Opening range / Sunday gap setup to validate scalp bias AUDCHF Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDCHF gaps into 2014 highs / key resistance 8534/45- bearish invalidation Breach targets resistance objectives at 8583, 8638 & 8700 Support Read More →

Talking Points: - EUR/USD Vulnerable Ahead of ECB Meeting Amid Growing Risk for Deflation - GBP/USD Rebounds From Channel Support; RSI Holds in Overbought Territory - USDOLLAR Remains Overbought; Fails to Clear Former Support For more updates, sign up for David's e-mail distribution list. EUR/USD Struggles Read More →

Talking Points: - USDOLLAR Index at highest level since 2/7/2014. - USDCHF opens week in 0.9160/89 target zone. - US Dollar strength in August shouldn't surprise - it's a seasonally strong month. The Jackson Hole Economic Policy Symposium has yielded bullish results for the Read More →

Talking Points Crude Oil Consolidates As Traders Look Past Geopolitical Turmoil Precious Metals Drifting Lower On Yellen-Inspired USD Strength Silver Marching Towards $19.00 Alongside Bearish Tech. Signals Crude oil traders are likely catching their breath after several weeks of sharp declines for the commodity. Read More →

Fundamental Forecast for Euro: Neutral - The early week EURUSD consolidation gave way to a breakdown in the triangle by Wednesday. - The Jackson Hole Read More →