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ForexPeaceArmy | Sive Morten Gold Daily 01.15.14

Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex traders stay profitable.

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Scalping EURNZD Correction- Bias Bullish Above 1.6154

Talking Points EURNZD correction eyes key support- 1.6154/78- bullish invalidation Look for break above 1.6355 to validate shift in near-term bias Event risk on tap Eurozone tomorrow (medium) EURNZD Daily Chart Chart Created Using FXCM Marketscope 2.0 Broader Technical Outlook EURNZD heading into major support range 1.6220, Read More →

AUD Correction to Gather Pace on Job Growth- Looking for Lower High

- Australia Employment to Increase for Second Month; Jobless Rate to Hold at 5.8% - Job Growth Exceeded Market Forecast in November, Led by Full-Time Employment (15.5K) Trading the News: Australia Employment Change The AUDUSD may face a larger correction over the near-term Read More →

USD Top in Place- EUR Divergence Favors Bearish Forecast

Talking Points: - USDOLLAR Limited by Former Support; Retail Sales Rises for Ninth Month - Bearish Euro Divergence Favors Downside Targets- RSI in Focus Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10710.17 10724.65 10664.61 0.42 159.95% USDOLLAR Daily Chart - Created Using FXCM Marketscope 2.0 Larger Range in Focus- Read More →

GBP/AUD Continues Sharp Reversal After Head & Shoulders Fakeout

Talking Points: - Australian Dollar selling intensifies overnight; Japanese Yen in pain as well. - Capital flow still focused on geography – Asian-Pacific suffers more than Western Europe, North America. - No top line event risk for Wednesday. To keep up with the European Read More →

Gold, Crude Oil Look to Fed Beige Book for Direction Cues

Talking Points: Fed Beige Book Key Ahead as QE “Taper” Outlook Remains in Focus Gold to Fall on Ebbing Anti-Fiat Demand if US News-flow Boosts USD Crude oil May Rise with Risk Trends on Signs of Firming US Recovery The spotlight falls on the Read More →