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EUR/USD: breaking higher 

The EUR/USD pair is trading in a channel down from the highs made on the 15th. It has just rallied up to the upper line of the channel and is pushing up against it trying to break through the resistance and go higher. If it succeeds it could revisit the top of the range at the 1.4450 highs; if it fails then it is possible it could fall back down to the bottom of the channel at the 1.4310 level.

Analysis by: Joaquin Monfort…

AUD/USD: pennant still forming

The aussie reached the 50% retracement level at the 1.0500 highs as predicted and then began falling. Currently it is in a correction of the move down which will probably go higher, perhaps to 1.0450. From there it is likely the exchange rate will roll over and continue lower, at least matching the 1.0410 lows, if not further, if the main downward trend reasserts itself and the pennant we have been monitoring triggers.…

EUR/USD: trading in range 

The EUR/USD exchange rate is trading within a range and it has recently bounced from the lows and begun climbing till it has found resistance at the monthly pivot at 1.4237. It is possible it could resume its descent with the lows at 1.4125 targeted again, but a break above the pivot would indicate the probability of a rally to 1.4295 and then 1.4400. ADX is at record lows of 12.29 indicating the likelihood of a breakout on the horizon and a phase of strong…

AUD/USD: technical analysis

Earlier forecasts, anticipating sideways correction in the pair, confirmed. The price tested level  0.9930/20 and then 1.0400/10 resistance line, which turned out to be strong and pushed the price back downwards. At the moment trading is consolidating within narrow range between 1.0300-1.0100 levels.  Indicators are turning up, suggesting a possible reversal in the pair. However, it can also indicate just the range widening to 1.0530/40 resistance level.…

EUR/USD: Technical Analysis

Earlier forecasts confirmed - the pair had been trading within narrow ranges for the whole last trading session and managed to rise towards 1.4390/80 resistance level only by the end of the session, influenced by the fundamental data. The price is currently making another attempt to breach this barrier, trading is carried out at 1.4370/80 levels. Indicators became more bullish, which gives reasons to expect 1.4390/80 level to be…

EUR/USD: Technical Analysis

Support 1.4260/50 was breached, indicating that a downtrend has eventually took over. The price descended to level 1.4130/20, mentioned in the previous analysis as the first target on the way down, and it now resides a bit above this level at 1.4150/60. Trading has already made it below 1.4130/20 level, which proves the bearish strong potential and gives reasons to expect further attempts to bring the price lower, to 1.4000 support…

The past few years have been tough economically for individuals and for business; even people who never talk about the economy are discussing it with their friends and family.   Why?  Because today’s weak economy is affecting them very negatively and directly, probably for the first times in their lives.   Many of us can probably remember our parents or grandparents talking about what they experienced during the Great Depression of the 1930s or perhaps you learned about it in school.  But…

EUR/USD: technical analysisThe price failed to decline lower - having tested 1.4140 level it retraced upwards and is currently testing 1.4260/50 resistance level. Indicators are turning up, which gives resons to expect the price to recommence its growth. To make it happen, however, the price has to first ascend and pass a significant resistance at level 1.4330-1.4250/60, or even rise above 1.4370/80. Until it happened, the bears will keep their leading positions in the market and have higher…

EUR/USD: technical analysis

Forecats, predicting that the bears would make another attempt to take the price down confirmed. Trading went back downwards and the price successfully breached the key support on the way down - level 1.4260/50. At the moment trading is being carried out around 1.4180/90 levels. Indicators have changed their readings and they now suggest a decline, which gives enough reasons to anticipate further downtrend. The closest support is found at…

Most everyone today uses the Internet on a daily basis to the benefit of their personal lives as well as their businesses; but is “Big Brother” watching?  If some powerful figures in control of major Internet sites have their way in the future it is certainly a possibility. 

The Internet has never been totally anonymous based on the IP address read by the sites you visit.  But the ways in which you send emails to friends and associates or conduct business (online banking, bill pay,…

EUR/USD: technical analysis

Earlier forecasts, anticipating further decline, confirmed and the trades fell to 1.4260/50 support level, which the price is now trying to breach. If level 1.4260/50, mentioned previously as the key level on the way down, is breached, we’ll be expecting a change of sentiment in the market. Indicators are turned down, which gives even more reasons to expect the bearish attempts to turn out successful -  next target in this case is seen at…

AUD/USD: technical analysis

The price not only reached the pair's maximum at 1.1000 level, but even went beyond it. Trading is currently carried out at level 1.1060/70. Indicators are turned up, suggesting further growth. The next barrier for the price would be level 1.1100. However, taking into account psycological factor and pressure, connected with the fact that price has already reached new levels, growth may stop any time. Reversal to 1.1000 support will indicate a…

EUR/USD: Technical Analysis

The EUR/USD is still consolidating at a strong resistance point where it is pressing up against the upper boundary line of the triangle pattern visible on the daily chart. Until it can break out of the triangle, however, the bullish case lacks confirmation. There is no serious weakness yet, however, there has just been a bounce off the lower channel line drawn from the rally starting on the18th , on the 30min chart, which, will…

USDCAD

We have a double bottom both on the weekly and daily charts. Last week the price bounced back up from the lower line of the daily descending channel after testing May lows. I would expect a 50% retracement on weekly near 0.9660/70 which coincides with the middle line of the Bollinger bands, and as a second step a retest of the highs around…

USDJPY

The Dollar-Yen maintained its bearish tone last week, reaching the bottom line of a falling wedge and making a new low. In my opinion, there is still momentum to push further down to a 138.2% Fibonacci extension on the previous swing low, or even attempt to retest the level of the last spike down near round number 76.00 and the 161.8%…

EURCHF

This was a bullish week for the Euro-Swissie, which bounced from the bottom line of the descending channel and ending on a strong rejection of round number 1.1900. We have a falling wedge forming and I would expect a further…

EURUSD

Still on a rising trend, last week the Euro-Dollar confirmed the previous week's pin bar, bouncing from the confluence of the three moving averages (34, 100 and 200) at a 50% fibonacci retracement from the swing high. I would be aiming…

EUR/USD: Technical Analysis

Earlier forecasts, suggesting to consider the bullish trend as dominating in the market and predicting further growth, confirmed. The price reached target at level 1.4370/80, held above and it’s currently testing the next resistance at 1.4450/40. Indicators are turned up, which gives even more reasons to anticipate ascension towards the next target, which, according to the previous analysis will most likely reside at level 1.4560/50.…

EUR/USD: Technical Analysis

Earlier forecasts, suggesting to consider the bullish trend as dominating in the market and predicting further growth, confirmed. The price reached target at level 1.4370/80, held above and it’s currently testing the next resistance at 1.4450/40. Indicators are turned up, which gives even more reasons to anticipate ascension towards the next target, which, according to the previous analysis will most likely reside at level 1.4560/50.…

Tough times are here and tougher times may be coming.  If you find yourself without a job during the current economic downturn, you must become as confident as you feel comfortable with (and maybe more than that) if you are ever going to gain the attention of a possible future employer. 

Look, just going to job fairs and sending your resume out over Internet probably isn’t going to be enough.  You may have already discovered that hasn’t worked for you.  So, what’s next?

I have…