The British Pound has rallied quite nicely against the Japanese Yen during trading on Friday as the 198 Yen level has offered a significant amount of support. The 50-day EMA is offering a little bit of resistance at the 198.9 Yen level, but I do think it will get sliced through again given enough time….
The US dollar rallied against the Japanese yen during the early hours on Friday, but we have seen a certain amount of resistance in this market, as this pair continues to be very noisy. That doesn’t surprise me, because it has been very choppy for months, even though we at one point got a bit…
Silver rallies again during the trading session on Friday, as we have now broken above the crucial $48 level. Now that we have cleared the psychological level, it does open up the possibility of a move to the $50 level, which is a large, round, psychologically significant figure, and short-term pullbacks will more likely than…
The NASDAQ 100 ended up being very sideways during the trading session on Friday as we continue to see a lot of ambivalence in this market due to the lack of a Non-Farm Payroll announcement, as the US government shut down. With that being said, there is a serious lack of momentum at the moment,…
The British pound is relatively quiet during the trading session on Friday against the Swiss franc, as we sit on top of the major support level in the form of the 1.07 CHF level. This is a market that’s been in a significant downtrend for a while, so it does make a certain amount of…
Bitcoin initially fell on Friday, only to turn around and show signs of life again. We are hanging on to the $120,000 level, which of course is a large, round, psychologically significant figure, and an area that a lot of people will be paying close attention to. This is an area that has been important…