Oil falls to lowest since August 17

Harvey is hurting crude Consumers don’t buy crude oil, refineries do. With the Texas gulf coast shut down due to Harvey, demand for West Texas Intermediate oil has vanished. WTI is down $1.14 to $46.74. About 80-cents of that was in the past hour. In the bigger picture, the mid-August low of $46.46 is now within striking distance. […]

GBP/USD analysis for August 28, 2017

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.2923. According to the 30M time frame, I found re-test of the previous high at the price of 1.2920, which is sign that buying looks risky. Stochstic oscilator is showing a hidden bearish divergence, which is another sign of weakness. My advice […]

EUR/CHF catches a quick bid as the spikes continue

Dangerous days in Swiss franc trading If you’re trading EUR/CHF these days, it better be with a wide stop. A look at any shorter term chart shows the risks of air pockets. On the 10-minute chart there are three 30-50 pip spikes. The high in the latest spike took out opening highs but matched last week’s […]