Gold Trend Line Support

June 23, 2017

One for the Gold bugs today, with daily trend line support looking to hold. XAU/USD Daily: Click on chart to see a larger view. As you can see, price is still hovering around the level where we identified that the …

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RBNZ on Hold and NZD/USD Still Capped by Trend Line Resistance

June 22, 2017

The Reserve Bank of New Zealand surprised no one this morning by leaving the official cash rate on hold at 1.75%. While there is no Monetary Policy Statement for release with today’s decision (or press conference from Governor Wheeler for …

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Crunch Time for EUR/AUD Support

June 21, 2017

Selling this EUR/AUD resistance zone gave day traders a short term bounce, but the bearish momentum was short lived and price subsequently rallied hard through the level. Just from reading the online trading community’s thoughts, I can see plenty of …

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GBP/USD Support/Resistance Level Holding

June 20, 2017

After having watched GBP/USD retest this support/resistance level for a week now, price action is looking like giving us the bearish confirmation we have been looking for. Bringing up a Cable daily chart on your MT4 platform, you can see …

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