It’s October and weather may be cooling in the Northern Hemisphere, but trading heats up.It is impossible to predict exact events or statements, but history is a guide to help shape wisdom going forward. October is not a calm month in the market, it is a high trading volume month that could potentially bring along..
Category: Market News
Here’s the Forex Market Technical Analysis for September 17, 2018What are the charts telling us for the Week of September 17, 2018? Let’s seek out those answers and get an idea of where things are going for some of the major currencies.EURUSDEURUSD has a few possibilities based on chart patterns alone:There’s a very poorly formed..
EURUSD may be forming a Double Bottom Chart Pattern. After hitting resistance and reacting bearishly in an immediate fashion in the end of August 2018 and early September 2018, EURUSD may be ready to take a bullish move. Examining the 1 Hour and 4 Hour Charts, there are new revelations in a technical analysis sense. ..
The Euro-Dollar (EURUSD) has hit a resistance zone before the New Trading Season. The Euro-Dollar hit lows for 2018 on August 15, but quickly rebounded back to what was more-or-less the prevailing price level for July 2018. As the Holiday Getaway Season concludes and a new Trading Season begins after Labor Day in the United..
The Brent-WTI Spread is still at relatively low levels. The Brent-WTI Spread rose in May 2018 and peaked in June 2018. The Brent-WTI Spread Chart indicated that the difference between Brent and West Texas Intermediate was at its highest level since February 27, 2015 at its peak on June 7, 2018. However, this peak and..
The S&P 500 took a bit of a spill on Friday, how does the week of August 12, 2018 look? The S&P 500 was resurgent last week as earnings and optimism about large publicly held corporations in the U.S. continued and then uncertainty in Turkey created a different complexion. No, it does not mean that..
Previewing EURUSD for the Week of August 12, 2018 EURUSD reached a one year low on August 10, 2018 falling below 1.14 for the first time since July 14, 2017. Uncertainty surrounding the future of Turkey (an aspirant to join the European Union), issues within the Union, and the possibility of delaying European Central Bank..
Previewing AUDJPY for the Week of August 12, 2018 AUDJPY has been flirting with a Support Zone for nearly five months and has been in a consolidated range of nearly 400 pips since February 22, 2018. AUDJPY has seen ranging zones like this in the past, which does not make this current period any different..