General Points of GBPJPY: The UK's negative GDP rate weakened the Pound, bringing the market down to the 185.25 level. Yesterday, the improved UK Claimant Count rate stabilized buyers. Today, I expect the GBP/JPY market to decline and possibly break...
AUD/USD The activity is still very low on the AUD/USD pair, and the prices are still trading in a rather narrow range between the support level of 0.6643 and the red moving average, which shows a sideways movement. Technically, the upward movement...
No correction? No problem. Even the slightest dips in gold attract new bulls eager to buy at lower prices. The combination of the Federal Reserve's monetary easing, slowing global economy, uncertainty surrounding the U.S. presidential election, high...
What is a Bullish TriStar Doji Candlestick? A doji candlestick signifies indecision in the market, but when three consecutive doji appear in a downswing, that downward move may be over, and a swing up may be about to emerge. The pattern is...
USDJPY fell to an 8½-month low (140.70) on Wednesday after breaking through key support at 141.68 (peak to low on August 5). The subsequent bounce came from oversold conditions on the daily chart with partial profit taking to lift the price and...