Forex Trader DailyThe daily chart of the dollar-canada is triggering a short into today’s rally. Swing trades such as this are played with the overall (read: daily) trend and are triggered by corrections within the trend.
It’s a contrarian entry, not a contrarian trade. That said, there needs to be a bounce in the crude oil market to initiate follow [...]
Congress made a late evening announcement leading traders to believe that an agreement will be reached and pushed the U.S. Dollar Index higher up though the 77.50 level.
The set up from last week on the USD/JPY has broken to the upside with the U.S. Dollar strength and hope of a resolution Monday morning and good [...]
The wait and see attitude from traders — completely understandable in this week’s financial mood — is keeping most dollar correalted major in a rangebounce direction.
There is little reason to think that this range will be broken until the closed doors meeting in D.C. come go public with a decision. It’s the indecision that’s keeping [...]
The Dollar Index sold off 1.413 point today is the second largest sell-off since….
the last session.
The 377ema (aka 377 Lazy Days Line) is currently support as New York calls it a day on another emotionally charged session and hands Asia the ball.
The 372 point sell off will certainly not start Sydney, Tokyo, Hong Kong [...]
Crude Oil Rallies. The Dow Sells Off 370+ Points. Dollar Trades Loweer Through 76.80.
Where will buyers support the falling dollar? As prices close in on the 75.50 psychologicla level and the 89, 144, and 233ema levels.
The dollar is still trading above the 200sma at 74.40 but the shift from a pullback to a reversal is [...]
The EUR/USD has found a short term ceilingat the 55ema and 34emaClose. These are both key Fibonacci based moving averages that the weekly chart has stopped at today on today’s 360+ pip move.
Doubt the power of these levels, take a look at the 89ema and 144ema.