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Forex Technical Analysis

US Dollar Index keeps drifting lower following a recent failure to clear 98.00 resistance. The index has fallen back under 97.00 with next support near 96.55 then 96.00. RSI falling back toward 50 indicates upward momentum fading. EURUSD has regained $1.1000 which may be becoming new support with the pair having bounced up off of • Read More »



Forex Technical Analysis

US Dollar Index failed to hold above 97.00 and has started to retreat again retesting 96.70 with next potential support in the 96.20 to 96.40 area. EURUSD continues to attract support above $1.1000 and RSI suggests downward pressure starting to ease off but it still hasn’t been able to rebound very far, only up into • Read More »


Forex Technical Analysis

US Dollar Index failed to hold above 97.00 and has started to retreat again retesting 96.70 with next potential support in the 96.20 to 96.40 area. USDCAD is surging higher today, breaking through $1.3200 and its 50-day average and climbing toward $1.3225 with next potential resistance near $1.3300 or even $1.3340. RSI back above 50 • Read More »


North American and European Indices

US 30 has slumped back from 17,600 toward 17,570 with next support possible near 17,500 in what appears to be a normal trading correction of an overbought RSI which otherwise confirms the underlying uptrend. US NDAQ 100 is steady near 4,630 as it continues to level off in the 4,600 to 4,650 area for a • Read More »


Looking At the EUR/USD

EURUSD In terms of the fundamental analysis, regarding EURUSD a very paradoxical situation has taken appears – Neither the EU, and neither the US want a strong national currency. The US will do everything they can to give a possibility to raise the refinancing rate (raise the rate = start of deflation process (inflation slows)), • Read More »