USDJPY Daily Analysis – April 14, 2014
USDJPY remains in downtrend from 104.12. Further decline is still possible after a minor consolidation, and next target would be at 100.50 area.
ETF
New Position – XLU
Option Alert Service Signal New Trade Suggestion
Is the Utilities Sectors the Place to Hide? – XLU
Thursday was brutal for the bulls as the bears pushed the DOW some 266 points lower and the entire list of S&P 500 sector ETFs suffered at the hands of the bears.
GBPUSD Forecast April 11, 2014, Technical Analysis
The GBPUSD pair fell during the bulk of the session on Thursday, but bounced enough to form a little bit of a hammer.
AUDUSD Trend Continuation Setup (April 11, 2014)
AUDUSD made a strong rally yesterday thanks to upbeat jobs data, but it was unable to sustain its rally when Chinese CPI came in weaker than expected today.
AUDUSD Daily Analysis – April 10, 2014
AUDUSD remains in uptrend from 0.9205, and the rise extended to as high as 0.9439.
USDJPY Daily Analysis – April 10, 2014
USDJPY remains in downtrend from 104.12, the rise from 101.55 is likely consolidation of the downtrend.
EURUSD Trend Reversal (April 10, 2014)
EURUSD recently broke above a falling trend line on its 1-hour time frame, indicating that the downtrend is already over.
Escalation In Ukraine Pushes Brent Toward $108
Brent crude oil (BNO, quote) ticked up as tension in Ukraine grew. The commodity traded at $107.50 at 6:20 GMT after reports that pro-Russian groups had seized government buildings in several eastern Ukrainian cities.
Bullish Momentum for the AUDUSD Continues
The Aussie dollar (AUSUSD) continued to build on the bullish momentum of the last few weeks, with the June futures contract closing the session with a wide spread up candle on the daily chart, surging through the 0.9300 region on good volumes.