Jul 20, 2016
USD/JPY Move on Critical Resistance at 107.00
The USD/JPY continues to trade higher, and is approaching daily trendline resistance at 107.00.
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Jul 20, 2016
Dow Jones Industrial Average Keeps Punching All-Time Highs
Dow Jones Industrial Average tacked on another close to all-time highs yesterday. The daily moves have become less extreme over the past week as the market is digesting its gains near measured wave relationships.
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Jul 20, 2016
USD/CAD Hits Resistance After 4 Day Advance
The USD/CAD is trading at resistance after advancing for its 4th consecutive session.
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Jul 19, 2016
WTI Crude Oil Prices Consolidate for 5th Day
WTI Crude Oil prices are consolidating between daily values of support and resistance. Focus should be placed on price momentum to identify a breakout.
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Jul 19, 2016
All Time Highs are Hard Work; DJIA Takes a Breather
Dow Jones Industrial Average has closed up 12 of the past 14 trading days with the last 2 days consolidating in a tight range. We anticipate an eventual break higher above 18,575.
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Jul 15, 2016
NZD/CHF Showing Divergent Behavior
After Getting Closer To Its Third Standard Deviation NZD/CHF Retrace Back Inside Its Channel. Technical Analysis Shows Further Pressure To The Downside. Is NZD/CHF Still Good At Reflecting Investor’s Risk Aversion?
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Jul 15, 2016
EUR/USD Volume Hints the Post Brexit Lows Hold
Forex volume in EUR/USD has been stronger on up moves than on down moves. EUR/USD sits at trend line support now. Will it hold?
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Jul 15, 2016
Dow Jones Industrial Average Tallies 5 Days of Gains in a Row
Dow Jones Industrial Average closed up 5 days in a row which brings the 3 week gain to 6%. The fundamental driver has been lowered rate hike expectations which tend to favor equities.
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Jul 15, 2016
AUD/USD Fails at Resistance Ahead of US Data
The AUD/USD has stalled under key resistance at .7687 ahead of U.S. Retail Sales Figures.
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Jul 14, 2016
USD/JPY Declines From Daily Highs on Bearish Momentum
The USD/JPY is now declining off of daily highs as short term market momentum turns bearish.
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