The EUR/USD pair is rising within a down-sloping channel. It will probably reach the upper channel line at 1.2360. The target for the double bottom and the monthly pivot, however, lie slightly higher at 1.2380 – another...
The aussie has risen and re-touched the trend-line which it broke out of last week. Further resistance from the 100-day MA has also helped depress prices. Nevertheless, we have seen a recovery of more than 76.4% of...
The EUR/USD pair has formed a head and shoulders pattern on the hourly chart with neckline currently threatened. My preference is for break and more downside with the target for the move at 1.2170 and the weekly...
The GBP/JPY pair has decisively broken down out of a flag pattern on the daily chart. After reaching the 122.03 lows yesterday it has rebounded, however, it will probably resume its down-trend soon until it fulfils its...
The GBP/USD pair has been forming a large triangle on the weekly chart which now looks close to completion. The exchange rate has broken partially below the lower triangle line, closing outside it yesterday. If it continues...
The EUR/USD pair is still falling although it has found some support on the daily chart from the lower line of a down-sloping wedge. It is possible that it could bounce from this level although there is...
The aussie has broken down below a major trend-line and is continuing lower. It will probably fall even further reaching a cluster of support including the 50-day MA at around parity or 1.0005. A break below 1.0100...
Eurodollar has fallen to close to support at 1.2200 from where it will probably bounce. This is at the level of the lower line of a bearish wedge seen on the daily chart. RSI is also showing...
The EUR/JPY had been falling but has now formed a double-bottom at the lows which is bullishly converging with momentum. This could signal a recovery bounce with a break above 97.94 – the 76.4% Fibonacci level of...
The EUR/USD is still correcting back higher and is close to the underside of the down-sloping trend-line on the 4-hr chart situated at 1.2320. Substantial selling is likely at that level and this may push the exchange...
