All Blog Posts (1,487)

EURCHF

May 2011 Overview

This pair retraced a little bit higher after breaking the monthly descending channel, reaching near the 61.8% retracement on previous swing low; however price went back down again and closed below the upper trend line, at 1.2815. I would vouch for a consolidation in the range of last month’s candle…

EURUSD

May 2011 Overview

The Euro-Dollar broke the double top and upper trend line of the descending channel, rising near the 127% extension level from the previous swing high. As of today, price has already tested round number 1.4900 and it would seem it will try to reach November/December 2009 highs around 1.5140 as…

USDCAD

The Loonie went above our expectations of last week and made a new low at 0.9453. Price was then rejected and ended on Thursday with a pin bar candle, while Friday was a day of little activity for this pais. Weekly charts show that the price went back and closed inside the descending channel. I maintain my views of a bullish move towards the…

USDJPY

The Dollar-Yen retraced down to the 38.2% weekly Fibonacci level, breaking past the barrier of the confluence of SMA34 and the middle line of the Bollinger bands. Further downside is on the lines to reach the other side at the lower band and psychological level 80.00. On the Daily charts, this represents a potential extension to the…

EURCHF

Last week price went back inside the former weekly descending channel as expected, making a 61.8% correction on the previous swing high, and closing exactly at the level of the upper trend line, slightly above. We have a pin bar that has to be confirmed for a bullish continuation on weekly, and a consolidation over the last three days…

EURUSD

The Euro-Pound made a correction last Monday which almost reached our expected target at the former 38.2% weekly Fibonacci level and went inmediately back up for the rest of the week, making new highs near the 127% extension of the previous daily swing high. Friday ended on a small doji after a strong rejection from the highs, and…

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In this time of war around the world, many of our military forces are on their fifth or sixth tours…

USDCAD

Price reached near 0.9680 level in the expected direction for the Loonie, however the three last days of the week there has been a significant rejection from the highs. On weekly charts this pair respected the lower trend line of the descending channel and the week was overall bullish but with a 50% retracement, closing above the round…

USDJPY

The Dollar-Yen retested round number 85.00 as expected but barely reached 10 pips above, falling then to the daily SMA200 at 83.50 where price was contained for most of the week, and breaking lower on Friday, reaching the daily middle line of the Bollinger bands at around 83.00, closing slightly above the round number. The pair moved…

EURCHF

Price bounced from the strong resistance level at 1.3200/50 two weeks ago, and as expected in our previous analysis we went last week back down below 1.2900 even further than our targeted area of 1.2880 (1.2840/45). Today’s market extreme volatility at news time brought the pair much lower and we are presently trading at the 1.2720/50…

EURUSD

The Euro-Dollar rose last week above previous week’s apparent double top and made new highs, bringing the weekly rising wedge to a steeper angle. Against our main expectations of two weeks ago, price indeed broke the monthly bearish trend line and November 2010 highs, rising to 1.4520 level from where it is presently doing a small…