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Gold Ready To Tumble Again?
On a technical perspective, the spot price of gold has reversed its uptrend when it broke down from a 2-year double top formation after a massive sell-off last April as seen in the weekly chart above....
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Short Play on the Kiwi
The Kiwi has rallied back against the US dollar to 0.7950 from a low of around 0.7775. As you can see from its 4-hour chart above, this level was a previous support and could act a resistance now. If...
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A Bounce Seen In The Aussie Yen (AUD/JPY)?
The Aussie dollar against the Japanese yen, after breaking down from its 7-month uptrend, dropped by more than 10% in less than a month to today’s low of 89.00. As you can see in the AUD/JPY daily...
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Potential Bullish Reversal on NZDJPY
The NZDJPY may soon head higher after being on a downtrend for quite some time now as it looks to be forming an inverted head and shoulders pattern. As you can see from 1-hour chart, the Kiwi has been...
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Looking To Short The Fiber
The EUR/USD or the Fiber as what they call the pair in the street had broken down from a rectangle pattern when it fell below the 1.3000 support. As you can see from its 1-hour chart, it immediately...
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Aussie to Weaken Again Versus the USD?
The AUDUSD pair may fall once again as it may find some resistance at its former support at 0.9120. As you can see from its chart, the Australian dollar fell versus the USD but it managed to rally...
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USDCHF To Jump By Another 80 Pips?
The USDCHF pair spiked yesterday from 0.9500 to 0.9580 before consolidating into a small ascending triangle pattern. All in all, the whole move may be considered as a bullish pennant pattern. So if...
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Selling The Fiber Rally
The EURUSD has rallied back to 1.2860 after falling to a low of 1.2810 from 1.3000. In my opinion, this rally may not last as the pair may see a resistance at the downtrend line that was drawn above....
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USD To Extend Rise Against The JPY
The USDJPY pair may extend its uptrend as it finds support at its former resistance at 100.80. As you can see from its chart above, the pair has fallen back to 100.80 after touching a high of 101.50....
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Yen To Weaken Again Versus The Kiwi
The Japanese yen may weaken again versus the New Zealand dollar as the NZDJPY pair falls back towards its previous resistance at 79.00. An oversold condition plus the fact that the pair is drawing up a...
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USD To Weaken Further Vs. The EUR
The US dollar may weaken again against the euro if the EURUSD pair breaks our from what appears to be a falling wedge pattern that it has formed since yesterday. A breakout from this falling wedge may...
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Symmetrical Triangle Spotted On USDJPY
A symmetrical triangle is spotted on the 1-hour chart of USDJPY. A breakdown from this pattern may send it down to a target of around 97.75. On the other hand, a break to the upside may send it higher...
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Australian Dollar To Bounce Versus USD?
The Australian dollar may extend its gains against the US dollar as the AUD/USD settles at the 0.9200 marker after reaching 0.9260. As you can see from its chart above, the aussie rose versus the USD...
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Rectangle Play On The Loonie
A rectangle pattern can be spotted on the 1-hour chart of the USDCAD pair. Notice that the pair has been ranging between the 1.0360 support and the 1.0440 resistance. With the price nearing the...
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Near Term Rise Seen In Spot Gold
Spot gold prices or the XAUUSD may further rise in the near term as the pair breaks out from its downtrend line. The positive momentum from its recent breakout may further push higher. Still, some...
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Role Reversal To Cushion The Fiber?
The EURUSD pair has broken above its resistance at 1.3175 but has weakened since. Should this former resistance at 1.3175 turn to support then the euro may once again rise versus the USD. If the 1.3175...
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NZD/USD To Regain Lead Soon?
The New Zealand dollar may recover from its recent losses against the USD. As you can see from the 1-hour chart of the NZDUSD pair, its rise was halted by a resistance at 0.8000. As a result, the pair...
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A Perfect Time for Gold
With an economic crisis looming over the horizon, investors have to be smart and turn to a reliable commodity that has withstood the test of time. The value of gold has been the subject of debate among...
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