AUD/USD Forecast March 6, 2014, Technical Analysis
The AUD/USD pair initially fell during the session on Wednesday, but rose high enough to test the 0.90 handle again.
ETF
EUR/USD Forecast March 6, 2014, Technical Analysis
The EUR/USD pair fell during the session on Wednesday, but as you can see bounced enough to form a hammer.
EUR/USD Forecast March 5, 2014, Technical Analysis
The EUR/USD pair rose during the session on Tuesday, but failed at the 1.38 resistance area in order to turn things back around and form a shooting star.
USD/JPY Forecast March 5, 2014, Technical Analysis
The USD/JPY (yen) pair rose significantly during the session on Tuesday, as the bottom of the consolidation yet again offered support.We are longer-term bulls when it comes to this pair, and believe that the next significant barrier to get past as the 103 level.
Russia Turmoil Sends Crude Oil Higher
As we begin the week on increase turmoil between the Ukraine and Russia(RSX, quote) energy traders are seeing the highest crude oil prices since September of last year as producers are fear political driven supply disruption.
Bullish tone for gold set to continue
Gold’s recent bullish momentum appears to be holding firm for the time being, and indeed February has been a positive month with only minor pullbacks and reversals denting the move higher.
Trade Alert – New Position
Option Alert Service Signal New Trade Suggestion
NQ (NASDAQ) index leads the way …. again!
One of the best barometer’s of market sentiment is the NQ (e-mini future for the NASDAQ), and whilst many analysts were forecasting market meltdown the NQ was quietly reversing and clearly signalling a short term reversal. The bears, once again, have been sent smartly back to their caves!
The sun starts to shine again for gold bugs
As I have written many times before it has been a torrid time for gold bugs, who have seen the precious metal collapse from the dizzy heights of almost $2000 per ounce to plumb the lows of $1200 per ounce.
An analysis of gold for speculators and investors
In writing any market analysis, I am always conscious of two things. First, it is very easy to forget that the associated buying and selling in any market embraces the full spectrum, from long term investor, to the short term speculator.