Author: Irit Rutenberg

By ForexMansion.com   By breaking above the 1.40 area, the EUR/USD has entered a new bull phase. The area was considered to be very strong, and as such, traders piled into the buying of this pair. It now appears that the...

By ForexMansion.com   The AUD/NZD has busted through the 1.35 area, retraced, and now formed a bullish hammer at the 1.35 level. Until this bar is violated to the downside, no serious consideration can be given to selling...

By ForexMansion.com   With the G-7 announcing that they were all going to sell off the yen this week, it appears that this pair has a floor in it, at least for the short-term. With the wild gyrations in this market,...

By ForexMansion.com The AUD/NZD has busted through the 1.35 area, fell back and found support, and now seems content to rest at these levels. This is typical as strong bullish runs like we have seen in this pair typically need...

By ForexMansion.com   The AUD/USD has found support at the 0.97 and formed a massive hammer as well. This is a very bullish sign, and points to a northerly direction. However, there is a lot of noise between here and the...

By ForexMansion.com   The Kiwi dollar has broken the all-important 0.73 handle and bounced back to that level in the last couple of days. This is quite typical as support will need to be retested as resistance quite often....

By ForexMansion.com   With the G-7 announcing that they were all going to sell off the yen this week, traders have been warned against selling this pair, as well as all others yen-related. Looking at the weekly...

By ForexMansion.com   The Canadian dollar has recently busted back through the 0.98 level, and now has found support at that area. This is common, and appears to support the idea that we are going to tread water between...

By ForexMansion.com   As mentioned yesterday, 1.40 was an area we had been waiting to see it if would give way. A break above was bullish, and a long in this pair was advised. Also as predicted, we have raced to 1.42 as it...

By ForexMansion.com   The AUD/USD has found support at the 0.97 level as predicted, and is now testing the 1.0000 level. Since this is a midpoint between two larger areas, it is advised that no new trades are taken here,...