FXstreet.com (San Francisco) – AUD/JPY lost ground for a second day in a row on Thursday, sliding… For more information, read our latest forex news. Read More Forex AUD JPY may soon breakout BabyPipscom
After staging the beginning of what would become a methodical upside trend in August of this year, the GBP/NZD currency pair has run into a wall of indecision; promulgated by the triangle forming on the Daily and 4 hour charts. Read More GBP NZD Wedges into Triangle for Possible Breakout
Will the EUR/NZD Breakout levels hold? Read More London Calling Nov 11 EUR NZD Breakout
The 4H GBP/JPY chart shows a market that made two lows one at 116.83 in September and another at 116.97 in October. The market then rallied above the 120.60 pivot, forming a double bottom.Note that the RSI reading in this time-frame rose above 70, reflecting bullish momentum in the medium Read More GBP JPY Attempting [...]
Forex market conditions continue to favor breakout strategy trading ahead of what promises to be a critical week for the US Dollar and other major currency pairs. Read More Forex Strategy Outlook Euro, US Dollar Breakout Trades Favored
A very short-term contracting triangle has emerged on the AUD/USD charts, suggesting a breakout below 0.9740 on the completion of Wave E could occur overnight. Read More Short AUD USD Breakout Opportunity Overnight
Fed Chairman Bernanke didn’t sate bulls appetite for QE3 or bears hopes for an explicit cap on stimulus, leaving the the future of the dollar and risk appetite up for debate. Read More EURUSD and SdanP 500 Still Face High Risk of Breakout Next Week
Read More Crude Gains Following Trendline Breakout Resistance Above 100
The US Dollar is likely to see significant volatility in the week ahead as traders anxiously await the results of May Nonfarm Payrolls data due Friday. FX Options markets accordingly price in major moves across the board and favor volatility-friendly trading strategies. Read More US Dollar Poised for Major Volatility, Breakout Strategies Attractive
The tension in the markets is palpable with a clear threat of a broad correction in risk trends. Yet, we have seen this scenario before; and previous setups have fallen flat. Therefore, we talk opportunities for both a rise and a fall in sentiment. Read More Markets Ready for a Breakout, EURUSD for Risk Aversion [...]
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