Eurodollar is currently recovering after yesterday’s spike lower. It has formed an ABC correction and reached the lower boundary of the consolidation zone which will probably resist and push the pair back down again. If it breaks...
The outlook for the aussie is looking more bearish: there is a a possible outside bar reversal forming on the daily chart, although the volume is quite low, nevertheless it is a bearish sign. Resistance at the...
The EUR/GBP exchange rate has been rising since it made new lows in July. It has now found resistance from the top of the rising channel and a monthly pivot, and has formed a shooting-star candlestick on...
USD The dollar recovered strongly following the FOMC meeting on Wednesday at which the Fed kept monetary policy unchanged. The message on QE3 seemed to be that it would only be used in a recession. The Fed...
The EUR/USD fell to support at 1.2215 but failed to breach it. It has rebounded from there and begun to move up in a rising channel. It has broken out of the upside of this channel and...
The GBP/USD pair is moving lower after some poor data today. It has, however, reached a thick cluster of support at the current 1.5610 lows which includes the 50-day MA, the monthly pivot and the 50 and...
The EUR/USD pair has continues moving broadly sideways although now it has hit resistance from the monthly pivot and will probably fall from here to support at 1.2215. A stronger move below 1.2215 – which is the...
The USD/JPY pair may be on its way down to retouch the 77.70 lows. This could be the final 5th Elliot wave of a 5-wave move which started in June. There was a false break back into...
The euro-dollar pair is currently rising within a channel visible on the 4-hour chart, if it continues it could reach the upper channel line at 1.2360, however, any higher would be less likely. The pair has formed...
The aussie has continued channelling higher in what might be a bullish ending pattern. It is currently at a strong group of resistance lines and there is a possibility that it might roll-over from here and fall...
