The market continues upward in either a C wave or Wave 2 corrective upside re-tracement if I’m correct. In reviewing the pattern since the April top this year, we have had clear Fibonacci ret...
Dollar's retreat after faltering below Friday's high of 1.0564 suggests further consolidation would be seen and below the Kijun-Sen (now at 1.0488) would bring retracement towards the Ichimoku cloud b...
The Yen crosses have been under pressure following Bernanke’s testimony, which left a lot to be desired for the bulls lout there. For the EUR/JPY cross we see the 50% retracement in striking di...
Eur/Usd is up nearly 90 points from its earlier low of 1.2480. the pair is currently attempting to break above the 38.2% fibo retracement of move down from April 12 high of 1.3691 to June 7 low o...
Technical analysis in form of pivot points, support/resistance levels and Fibonacci retracements for the next Forex trading week for EUR/USD, GBP/USD, USD/JPY, EUR/JPY and GBP/JPY.5 Vote(s) ...
Yesterday's rally above 88.22 confirms dollar's recent decline from 94.99 has made a low last week at 86.96 and consolidation with upside bias remains for stronger retracement to 88.80, near term loss...
The EUR/USD has been under some pressure during the Asian session on the back of weaker Chinese PMI Manufacturing and worse than expected Aussie Building Approvals. The pair could find some ...
The Euro is under pressure on continued concerns over the zones soverign debt and banking sector. The EUR/JPY pair is hovering around the 50% retracement of the move for the June 4th lows. The Euro ag...
The GBP/JPY pair may have topped off at the 133.80 level. In the 4H chart, this is the 61.8% retracement of the previous downswing. The market attempted break this level, but formed a topping actionâ€...
Yesterday we noted that the EUR/JPY pair found support at the 109.52 level, which was the 0.0% retracement line on the move from the high on June 21st to the low on the 24th. In the last three hours a...