The USDCHF and EURCHF sold off earlier in the day, but bounced on general dollar strength (currency weakness) and chatter of SNB intervention. The EURCHF has a floor at the 1.4632 level and when the p...
The USDCAD is trying its best to bottom. The problem is there does not seem to be much of a short to cause a strong bounce in the currency pair. From a technical basis the 1.0259 level has given...
The GBPUSD corrected down to an intraday support level at the 1.4880 level (low reached 1.4879) and bounced (see earlier post). The move higher moved aggresively though the 1.4943 fibonacci retr...
Our little bull market is one year old today. Yep, that’s right, just one year ago our little cherub came into the world… And my how it has grown! Since touching a 12-year low on March 9, 2009, th...
We’ve had a wobbly few weeks but a decent bounce back. Looking at the main indices you could even perhaps see a ‘bullish pennant’ forming. Possibly a breakout? As readers of my blogs w...
The 1.0405-15 level is a key level for the USDCAD. Since October the price on the daily chart has used this level as a floor or ceiling on a number of occasions. The last two days tested the levels on...
The GBPUSD tested the 50% retracement target at the 1.5282 level and bounced (low reached 1.5270). The holding of the target gives profit takers a level to lean against. It gives bottom fishers ...
As per the prior posts, the EURUSD found support at least initially against the 1.3531/38 area (low reached 1.3530 and bounced). The price is now back up and looked at the 100 hour MA at the 1.3...
The USDCAD made new lows today and has bounced higher. The price is above the low from March 2nd at the 1.0307 level and this area is now support for the pair. The 100 (1.0305) and and 200 bar M...
The USDCHF moved below the 100 and 200 bar MA, found support at the 1.0737 level and has bounced back to the 100 hour MA. Now the price is back below the 200 hour moving average in a chop...
