Forex4you

Forex4you

The next year should be rather positive for the Australian dollar, with a multitude of reasons pointing and that direction. The market has been very negative for several years, but we have finally seen a certain amount of bullish news coming into play, and that should continue to push the Aussie higher. After all, it is at very historic low pricing, and therefore...

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The Euro has rallied again during trading on Monday to kick off the week, reaching slightly above the 1.12 level early in the day. That being said, there is a “decision zone” right around the 1.12 handle, as it has seen both buying and selling as of late. In these areas, you are better off to let the market decide where it wants to go before trying to follow it....

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The British pound has pulled back over the last week but turned around to show signs of life in order to form a bit of a hammer. Ultimately, this is a market that should continue to see buyers based upon the fact that the British government is more united at this point after the election. At this point, we are testing the 200 week EMA which is a major trend...

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The New Zealand dollar has pulled back initially during the trading session on Tuesday, as we head into the holidays. We have recently broken above a downtrend line, and after the impulsive candlestick on Monday, it looks like we are ready to go much higher. At this point, it’s likely that the market will try to go towards the 0.68 level, which is the 100%...

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The British pound fell significantly during the trading session again on Monday and what would be a bit of a surprise due to a lack of volume. After all, this is the holiday season when “nothing happened.” As you can see on the chart, the 50 day EMA is starting to come into play, and that could cause a certain amount of support. Beyond that, we are sitting just...

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The US dollar has initially tried to rally during the trading session on Friday but then turned around to form a bit of a shooting star and the psychologically and structurally important 7.00 CNY level. Ultimately, this is a market that measures risk appetite more than anything else and if we do pull back from the 7.00 level, the US dollar will probably drop down...

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The Australian dollar initially pulled back a bit during the trading session on Tuesday but continues to find a bit of support in the form of the 1.04 level. The New Zealand dollar has been very strong as of late but is starting to show signs of exhaustion against other currencies while the Australian dollar is trying to form a bit of a base against the US dollar....

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The Australian dollar initially pulled back during the trading session on Monday, but then rallied a bit as we continue to see a lot of confusion when it comes to the Phase 1 deal that was essentially agreed to between the Americans and the Chinese. Remember, Australia is unfortunately highly levered to the Chinese situation, and therefore as long as there are a...

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The Euro has initially spiked during the trading session on Friday, testing the 1.12 level, an area that of course is rather crucial. That being the case though, we also have the downtrend line from the channel that comes into play, so it’s very likely that we continue to see resistance in this general vicinity. However, if the EUR/USD pair can close on a daily...

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During trading early on Tuesday, the US dollar has rallied significantly against the Japanese yen in more of a “risk off” type of move. We had seen a lot of support below at the ¥108.50 area, and now it looks as if that support has held. The upward grind it should continue in this pair as we have seen more than once that traders are more than willing to jump in...

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The Canadian dollar initially fell during the trading session on Monday but turned around to show signs of life again. Ultimately, we are at the bottom of a range and it looks as if the market is going to continue to find little bits and pieces of bullish pressure here. The Japanese yen is a safety currency, and the Canadian dollar of course is highly sensitive to...

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The New Zealand dollar has broken above significant resistance in the form of multiple shooting stars in the NZD/CHF pair. This is a clear “risk on” type of trade, and this was given a bit more of a boost as the United States had reported better than anticipated jobs figures, and this of course suggests that the traders out there willing to take on a little bit...

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The Euro has rocketed higher during the trading session against the Norwegian krone, reaching towards the 10.20 NOK level. This is an area where we have seen selling previously, so it would not be a huge surprise to see resistance in this pair at this level again. However, if we can clear the 10.20 NOK level, the market is very likely to go towards the 10.30 NOK...

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While the Euro has rallied a bit during the trading session on Monday, most certainly bolstered by weaker than anticipated ISM Manufacturing PMI figures in the United States, the reality is that we are still very much in a downtrend, and there are a couple of major resistance barrier it’s just above that will come into play. With that being the case, it should...

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The British pound rallied significantly during the trading session on Friday, testing the top of a shooting star from the Thursday session. While this would typically be a very bearish sign, the reality is that the Thursday session also featured Thanksgiving, which of course took a lot of the volume out of the market. Because of this, you can’t read too much into...

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The US dollar continues to rally against the Chinese Yuan, grinding higher and above the 7.00 CNH level. The market has recently seen the 200 day EMA level as support and bounce quite nicely from there. By doing so, we have attacked the 50 day EMA, but have not broken above it yet. If we can close above there on a daily chart, then it becomes a very bullish sign....

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The New Zealand dollar initially gapped higher against the Canadian dollar on Monday but has seen a significant amount of resistance above to cause issues. Because of this, it looks as if we may need to pull back slightly, if nothing else just to build up momentum. The nasty candlestick on Friday suggested that perhaps we have a big fight on our hands near the 50%...

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The US dollar has rallied a bit during the trading session on Friday, as we continue to see the US dollar pick up steam against the Chinese Yuan. A lot of this is going to come down to the US/China trade deal, and although we have had a significant pullback as of late, you can see that the market has bounce from the 200 day EMA. We are currently testing the 50 day...