Silver Outlook: Buyers Break 68.00 and Eye 70.00 Silver continued to attract strong buying interest yesterday, and the move higher was quite convincing. Buyers managed to push the price through the important resistance around 68.00 without much...
EURUSD Weekly Update The FOMC Minutes of July revealed no surprises, with officials indicating that they will be compelled to raise interest rates further if inflation pressures persist. In addition, there were suggestions from the Chairman of the...
Support breakout and retest is a popular price action setup that can help traders to identify a possible continuation of a bearish move. The basic idea is that when an important support level is broken with strong selling pressure that previous...
CHF/JPY Outlook: Sellers Still Look Stronger I am looking at CHF/JPY again, and after reviewing the current technical picture, I still prefer the selling side for now. The pair is showing signs that sellers have taken control of the short-term...
AUD/USD Weekly Outlook: Resistance at 0.7123 Could Trigger a Pullback Looking at the AUD/USD weekly chart, the recent price action is starting to look quite interesting. Earlier, the pair reached an ascending support line, and from that area the...
