GBPUSD Daily Analysis – April 3, 2014
GBPUSD remains in uptrend from 1.6465, the fall from 1.6684 is likely consolidation of the uptrend.
ETF
AUDUSD Double Top Pattern (April 3, 2014)
AUDUSD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place.
NZDUSD Trend Line Test (April 2, 2014)
Despite the sharp selloff that took place in today’s Asian trading session and the double top pattern that formed on the short-term time frames, NZDUSD’s uptrend is still intact.
USDJPY Forecast April 2, 2014, Technical Analysis
The USDJPY pair rose during the session on Tuesday, shooting straight up in the air.
AUDUSD Daily Analysis – April 1, 2014
AUDUSD remains in uptrend from 0.8995, the fall from 0.9294 could be treated as consolidation of the uptrend.
Trade Alert – New Position – VXX
Option Alert Service Signal New Trade Suggestion
Dr copper now preparing to break higher
Let me start with a quote from my last post on copper where I wrote the following: “……and for any recovery longer term, we will need to see a dramatic buying climax, and given the extent of the current selling, an extended phase of congestion prior to any bullish momentum returning for copper.“
Stopping volume now appearing on the daily gold chart
It’s been a roller coaster ride for gold over the last couple of months with the precious metal first rallying almost $200 per ounce, and then promptly reversing from the $1390 per ounce level, and giving back just over half the gain, to trade at the time of writing at $1293.20 per ounce.
EURUSD Daily Analysis – March 31, 2014
EURUSD’s downward movement from 1.3966 extended to as low as 1.3705.
AUDUSD Daily Analysis – March 31, 2014
AUDUSD continued its upward movement from 0.8995, and the rise extended to as high as 0.9294.