Stocks and Dollars

EUR/USD closed lower due to profit taking on Monday as it consolidates some of this month’s rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it

EUR/USD closed lower due to profit taking on Monday as it consolidates some of this month’s rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it

The EURUSD bullish correction was paused yesterday. On h4 chart below we can see that price violated the minor bullish channel indicating potential bearish in nearest term testing 1.2240 support area and the lower line of the major bullish channel. I think I will stand aside for now. I have

The EURUSD bullish correction was paused yesterday. On h4 chart below we can see that price violated the minor bullish channel indicating potential bearish in nearest term testing 1.2240 support area and the lower line of the major bullish channel. I think I will stand aside for now. I have

Monday’s trading session saw the GBP/USD uptrend on the 60-minute reverse; it’s now found the Channel Up pattern’s support at 1.4736. With an Autochartist Initial Trend reading of five bars, there’s a better chance that prices will exhaust at this level and stabilize, because the five-bar reading points to a

Monday’s trading session saw the GBP/USD uptrend on the 60-minute reverse; it’s now found the Channel Up pattern’s support at 1.4736. With an Autochartist Initial Trend reading of five bars, there’s a better chance that prices will exhaust at this level and stabilize, because the five-bar reading points to a

After partial continuation of the upward recovery, on Monday Euro/Dollar started correcting downwards. The European currency depreciated from 1.2485 to 1.2305 yesterday, in line with the Interbank sentiment projection, at around -0.2%, closing the day at 1.2312. On the 3 hour chart the downward channel was broken upwards, but could

After partial continuation of the upward recovery, on Monday Euro/Dollar started correcting downwards. The European currency depreciated from 1.2485 to 1.2305 yesterday, in line with the Interbank sentiment projection, at around -0.2%, closing the day at 1.2312. On the 3 hour chart the downward channel was broken upwards, but could