Eurodollar has stalled a little this morning. The current level lies close to the monthly pivot, which could mean we are at a reversal point and the exchange rate could roll over here. A break back down...
Cable has started to show signs of possible weakness. This morning it has started to fall after positing a shooting start on the 4-hour chart. Momentum is diverging widely with price on the daily supporting the bearish...
Eurodollar has moved up to the upper channel line and hit resistance. It has also finished an A-B-C formation and therefore it will probably fall from here, down to perhaps support at 1.2625, although there are no...
Gold rose above a small H&S pattern on the hourly chart yesterday and there was a short-covering rally to 1712. There is no strong resistance until you get to 1722 where the monthly and weekly pivots lie....
Eurodollar has reached a strong level of resistance at the 1.2625 mark where price has been repulsed several times before. A shooting star candlestick has already formed on the hourly chart and if a move lower evolves...
We may have a head and shoulders pattern completing on the hourly chart at the highs. This could possibly break below the neckline at 1688 triggering a strong move lower, perhaps to around 1675 where it will...
Eurodollar has pushed lower, breaking down though the neckline of the double top and almost reaching the profit target at 1.2475. Now it has rebounded and begun moving higher again. This is probably a counter-trend move, or...
GBP/USD is showing a possible double-top pattern at the highs which is bearish – despite the recent triangle breakout higher. Unfortunately there has not been much follow-through since the break and so I am not as bullish...
The EUR/USD is still in a counter-trend rally. It is unlikely to be the start of a new trend higher and therefore will probably roll-over. Currently there is a possibility the pair could be starting a move...
The EUR/GBP pair has continued rising higher and re-touched the June highs. Whilst it has broken out of a channel it is still encompassed by the broader down-trend. The wave formation higher appears complete with the final...
