AUD/USD: testing intraday resistance Ichimoku Cloud bearish; ADX and DI bullish; RSI neutral. The AUD/USD currency pair is currently testing the bottom band of the Ichimoku Cloud, which is an important intraday resistance. If the bulls were able to lift the rate inside the cloud, then we’d see a consolidation phase if not […]
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Author: Welcome Khoza
Welcome Khoza graduated from the University of Venda for Science and Technology majoring in Psychology and Finance. For five years, Mr. Khoza was an FX and commodity analyst for a major international brokerage. Welcome is primarily a technical analyst and his 'Chart of the Day' is one of the most viewed features of The Forex Library for traders looking to optimize their trade entry and exit points.
Recent posts by Welcome Khoza
London Market Open – June 28th, 2022
The US Dollar is bouncing back heading into Tuesday trading. USD/JPY was trading near 135.70 while EUR/USD is back below 1.0600. The Britsh Pound looks like it could struggle the most over the the course of the trading day as it was already down to 1.2260. After testing the 1.2000 level earlier in June […]
EUR/USD Testing Intraday Resistance
EUR/USD: testing intraday resistance Bollinger Bands bullish; RSI bullish; Awesome Oscillator bullish. The single European currency is testing the upper band of the recent range versus the US dollar. The four-hour chart setup below is about to turn bullish with a possible continuation if EUR/USD closed at least one 4H candlestick above the […]
Weak Yen Continues to Guide
Several weeks ago we highlighted the weak yen shortly after USD/JPY crossed over what at the time seemed like stiff resistance at the 130.00 level. Since that time the currency pair has continued to soar touching above 136.00 and now settling in a range between 134.50 and 136.50. It is normal that the […]
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