China Slowing Down, Fear & Loathing in Europe - Chris Capre
China Slowing Down, Fear & Loathing in Europe - Chris Capre
Technical Alert: EURUSD
EURUSD: With EUR taking out its key support at the 1.2620 level and weakening, the risk is for it to extend that weaken in the days ahead.
GBP/USD Trading at the February/March Consolidation Support
The GBP/USD has been very bearish since the BoE inflation report and Mervyn King’s testimony revealed that QE is still on the table. Inflation has been checked, and recent inflation data confirmed the trend of stabilizing prices. Lower commodity
ForexLive: Solid Selling Interst In USD/CAD Ahead Of 1.03
USD/CAD remains near the highest levels of the session at 1.0280. Option barriers at 1.03 are likely to be defended and the corporate order board is splattered with bids from there to 1.0360...more.
ForexLive: Oil Higher As Nuclear Talks Stumble
Recent lower oil prices is one of the few positive factors for global growth in the past month. A breakdown in talks would burn risk assets....more.
EUR/USD Technical Outlook – May 24th
Euro consolidation has been the theme over the last 24 hours or so as the spot rate finds support just above 1.2550. The notion is set to come to a head now as the exchange rate is likely to test resistance provided by the 1.3228-1.2945 descendi
EUR/USD Flat After Reaching 22-Month Low
EUR/USD was flat after earlier today it reached the lowest level since July 2010. The euro was continuously declining since the beginning of May as the possibility of Greece’s exit from the eurozone was becoming more and more material.
Daily Chart Art - May 24, 2012
If you're hungry for more piptastic setups, then gather 'round playas! Feast your eyes on these charts on AUD/USD, USD/CHF, and USD/JPY!
Euro Gets No Hope Following EU Summit
As expected, little was done in the way of resolution formulation or the creation of anything other cautiousness following the end of yet another European Union summit. On the heels of the upteenth summit in the last two years, European leaders
Indian Rupee Continues To Decline, Despite Intervention
For the first time in four sessions, the Indian rupee fought back against the US dollar, retracing from another historic low for the Asian currency. Falling to 56.38 against the US dollar, the rupee is managing to eke out a gain as markets head
ForexLive: NZD/USD's Choppy Correction Higher
The NZDUSD has been chopping higher with the NY action staying above the 200 bar MA on the 5 minute chart and a loose channel trend line. Earlier the price pushed above the midpoint of the move down this week but that attempt was quickly rejecte
Using MACD Divergence
MACD DivergenceIt is not an entry signal but rather an indication of the bias of the pair based on current momentum.
For example, price may be going higher but MACD is moving lower and that would be negative divergence.


