Can EURUSD Break the descending Channel?
Can the EURUSD break the descending channel? This is the big question as we look at the daily chart, the pair has been moving in a descending channel. Yesterday it pierced through the upper trend line and failed to hold the level, ending below it. Today it is moving lower, still inside the descending channel.…
Dollar Poised for Weakness?
The US Dollar index The US Dollar index (DXY) traces the US Dollar price against a basket of currencies. Therefore, it gauges the strength of the greenback. If we look at the DXY daily chart, we may get some interesting observations. We can see that, since May, the price has been moving in an ascending…
Crude Oil – More Drops are Expected
Crude Oil Performance When we look at Crude Oil are more drops expected? the last four weeks has lost near to 19 per cent after to reach the highest level of the year at 76.90 dollars per barrel. In the Friday 02nd trading session, Crude Oil dropped below the 63 USD per barrel. The sharp…
Yen Weakness and More Oil Weakness | Daily Trade Watch
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we are looking at Yen weakness and more Oil weakness. USDJPY We are very conscious of the strength which seems to be creeping back into the US Indices Market. As a result, we are seeing…
USDJPY Bullish Price Action
USDJPY Daily Are we beginning to see USDJPY Bullish Price action? This pair is moving inside a slightly ascending channel, delimited by the green trend lines shown below in the chart, and currently the price is faring at approximately the middle of the channel touching the +2 Bollinger Band, indicating a bullish bias, after a…