Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 0.9539 D1 support level which was broken by open bar on daily timeframe for bearish breakdown to be continuing...
USDJPY has come under steady pressure since failing near the 61.8% retracement of the March range at the start of the week Our near-term trend bias is lower while below 120.90 Gann levels at 118.70 and 118...
GBPUSD has traded steadily higher since finding support earlier this week at the 261.8% extension of the January/February advance Our near-term trend bias is now higher in Cable The 38% retracement of the February/April decline at 1...
We have been suspicious of the action in USDCAD since the dramatic reversal on the FOMC decision last month. It was one of the widest daily ranges in years on some of the highest volume in years. A textbook sign of exhaustion – especially after just seeking out a new high...
EUR/USD broke below the 78.6% retracement of the late-March range yesterday While below 1.0830 our near-term trend bias is lower in the euro The 127% extension of the 2005-2008 adavance around 1...
Starting with EUR/USD, GS notes that it peaked least week right underneath an important resistance area at 1.1052-1.1099, a region included the interim high (bearish key day reversal) from Mar. 26th , the interim low from Jan. 26th and the 55-dma...
GBP/USD fell to its lowest level in almost 5 years on Monday before finding support near the 161.8% extension of the January to February advance near 1.4575 Our near-term trend bias is lower in Cable while below 1.4760 A move under 1...
Every now and again we like to step and take a look at where exchange rates stand in the longer-term scheme of things. USD/JPY remains an interesting chart in this context and partially explains the choppy range bound nature of trading in the pair since December...
The US Dollar looks poised to continue higher after clearing range resistance below the 0.98 figure against the Swiss Franc. A daily close above the 23.6% Fibonacci expansion at 0.9910 exposes the 1.0126-77 area (March 12 high, 38.2% level). Alternatively, a turn back below the 14...
The British pound was seen trading lower against the Japanese yen, as the latter one was bid across the board. Plus, the British also weakened in the short term igniting downside reaction in GBPUSD, GBPJPY...
Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 1.4634 support level on W1 timeframe with good signal for the downtrend to be continuing...
EURUSD rolled over at slope resistance but several longer term technical observations are worthy of note; the rate found low at an important long term level (line off of 2008 and 2010 lows). The speculative crowd has never been more bearish…ever...
D1 price is on primary bearish with secondary breakdown for trying to cross 1...
US Dollar - "Patience may wear thin for those holding USD-long positions rather quickly; recent CFTC Commitment of Traders data showed large speculators were their most net-long US Dollar versus the Euro (short EUR/USD) on record...
Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 0.7189 support level and 0.7695 resistance level on W1 timeframe. AbsoluteStrength indicator and TrendStrength indicators are indicating the ranging market condition. “NZDUSD traded to the 61...
Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 0.7532 support level on W1 timeframe. W1 price is ranging between 0.7532 support and 0.7937 resistance levels. AbsoluteStrength indicator and TrendStrength indicators are indicating the ranging bearish market condition...
Tenkan-sen line is located above Kijun-sen line of Ichimoku indicator with 2.6479 resistance level on W1 timeframe with good signal for uptrend on open W1 bar...
The key theme on the gold price chart are the two trading ranges since gold’s all time highs. One trading range started end of 2011 and lasted till early 2013, the second one is still in play. In technical terms, both trading ranges took the form of a descending triangle...
US Dollar - "It is difficult to establish at what level the Dollar’s rally has over-reached its fair value as the Fed’s timetable contrasts its ECB and BoJ peers so definitively...
