The S&P Retail Industry Index comprises stocks in the S&P Total Market Index that are classified in the GICS retail sub-industry. For this article we’ll be using The SPDR S&P Retail ETF (XRT) which tracks an equal-weighted index of stocks in the...
USDCAD failed to break below 1.2666 support and stayed in a trading range between 1.2666 and 1.2836. Further rise to test 1.2836 resistance would likely be seen. A breakout of this level could take price towards 1.2916...
USDJPY extended its downside movement from 114.73 to as low as 110.84. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downside movement could...
AUDUSD failed to settle above the top trend line of the price channel on the 4-hour chart, indicating that the pair remains in the downtrend from 0.7897, the bounce from 0.7532 could be treated as consolidation of...
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3039. As long as the channel support holds, the uptrend could be expected to continue and next target would be...
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1554. As long as the trend line support holds, the fall from 1.1961 could be treated as consolidation of the...
The US dollar fell against the Japanese yen during most of the session on Monday, as we continue the downward pressure. Now that we have cleared the 111.50 level, I believe that the market is going to...
The US dollar initially fell against the Canadian dollar, dropping below the 1.27 handle again, but we found plenty of support below, and shot through the 1.27 level without much trouble afterwards. We are starting to see...
The British pound initially rally during the trading session on Monday, breaking above the significantly resistive 1.3333 handle. As I record this though, we are turning around to form a bit of a shooting star on the...
The EUR/USD pair rallied initially during the trading session on Monday, reaching towards the 1.1950 level above, and then pulled back towards the 1.19 level underneath. I think that the market is starting to struggle a bit,...
