AUD/USD at 80c Psychological Round Number Level

July 31, 2017

We know classic support and resistance forms where price has seen a reaction somewhere in the past, but traders want to look forward for EXPECTED support/resistance. Traders use forward looking support/resistance targets such as pivot points, average daily ranges or …

USD/CAD Retraces the Entire Daily Bullish Channel Rally

July 28, 2017

Good morning, USD traders have been riding the Janet Yellen wave, with the USDX consistently getting clobbered day after day since peaking at the turn of the new year. Nowhere has this broad USD weakness been felt more than in …

EUR/JPY Continues Higher

July 27, 2017

Good morning traders, After blowing through double top resistance, EUR/JPY has continued higher on fundamentally driven Euro strength. I don’t normally go as wide as the weekly chart, but higher time frame levels are the same no matter what time …

EUR/USD Touches to the Pip and Immediately Rejects Off Resistance From 2015

July 26, 2017

Good morning traders, Back today with a follow up to Monday’s EUR/USD already reaches top of daily range blog. Take this little extract: …to now sit just 30 pips away from the daily range top. Well, it looks like those …

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