The euro and pound pairs are building momentum; but most of the crosses are already well on their way (and present unattractive risk/reward) or there is little fundamental impetus to keep the market m...

The Euro also fell heavily against the Japanese Yen as the pair was able to breach the 151.56 support level but the downside movement stopped at the 148.83 level which provided the pair with some stre...

The GBPJPY has held within a broad range between 184.00 and 197.50 throughout September, and may offer profitable opportunities for forex traders. The pair touched an intraday high of 197.42 on 9/24, ...

A 'spike high' last week after the massive 'spike low' two weeks ago suggest this market is looking for direction in increasingly stressed conditions. Over the next month or so we still favour several...

Euro fell like stone as bids around the psychologically important 1.4500 handle failed to stem the stampede of the dollar bulls. As dollar resumes its long term move, a further move to the downside wi...

Starting the week with a decline, the pair is now being oversold on the intraday charts according to momentum indicators suggesting the possibility of an upside correction yet the ADX indicator is sti...

Momentum indicators were able to adjust from an overbought area to result in downside movements as the pair once again failed to breach the 38.2% correction for the downside channel at 155.60. Yet on ...

Euro bulls continued to gain ground as cross tested offers around 156.79, a level marked by the 38.2 Fib of the 169.97-147.03 Japanese Yen rally. As price action remains in favor of Euro longs, a furt...

The GBP/JPY pair is still trading within the same levels as we see contradictions in technical indicators as the Stochastic indicator shows the pair being overbought on the daily charts and in need of...

Sterling bulls remained in charge of the price action as cross managed to recover more than 1300 pips after the sharp selloff that established multiyear lows. As cable longs continue to push the cross...

In August the NZD/USD broke through the lower line of the downward trend channel. This development established a new steeper downward trend channel. The NZD trades in a zigzag movement between both tr...

It seems like the breach of the 38.2% correction at 155.60 was a false breakout as the pair reversed movements to end trading yesterday below that level. As we see now the EUR/JPY pair is currently re...

The EURJPY fell in 5 waves from the July high at 170 and the rally from 147.50 is most likely a correction of that decline (I say most likely because there is the possibility that the drop from 170 co...

The EUR/JPY pair was able to breach the 38.2% correction at 155.60 for the medium term downside channel that started on 28-7-2008 and ended on 18-9-2008, where all we need now is a confirmation of the...

Heavy fluctuations might be seen in the markets as momentum indicators are contradicting one another on different time frames yet it seems like the pair is more pressured to the downside. The pair is ...

Trading for today on the pair might witness slight volatility as we see momentum indicators adjusting on the daily and weekly charts yet trading within an overbought area on the four hour charts. Howe...

The EUR/JPY pair was able to recover yesterday's losses as it inclined today yet trading remains within a consolidation area between 147.70s – 151.60s. Momentum indicators and directions indicators sh...

AUD is reaching the long term upward channel at 0,7700. 2007 lows were formed slightly below these levels. The area of 0,7700 or a slightly lower is capable of holding the decline, and lead euro towar...

The EUR/JPY pair is still trading below the 23.6% correction at 152.72 for the long term ascending channel making it our initial upside target. Momentum indicators are gradually adjusting as we see on...

The Euro versus the Yen was pressured heavily to the downside due to carry trading transactions and the market gap that was recovered seen in the EUR/USD pair. The pair seems to be losing the bearish ...

A massive 'spike low' and 'doji-type' candle against retracement support. It should signal the end of the Euro's collapse of the last nine weeks and the start of renewed US dollar weakness. Rising ope...

Japanese Yen bulls took over the price action and broke below the internal upward sloping trendline that dominated the price action since March with the latest price action seeing USD/JPY breaking bel...

Trading remains below the 23.6% correction for the long term ascending channel that started on 27-5-2001 and ended on 15-7-2007 yet with the direction indicators supporting the pair to the upside, we ...

Not much has changed since yesterday as trading remains of high volatility within the same ranges. The EUR/JPY pair is still trading below the 100% correction for the medium term wave that started on ...

As the EUR/JPY pair confirmed the close below the 100% correction for the medium term upside wave that lasted from 20-3-2008 till 23-7-2008, this added more downside pressures on the pair taking the n...

The EUR/GBP pair confirmed the close below the 38.2% Fibonacci correction for the medium term upside channel and remains traded within the ranges between the previously mentioned level at 0.8036 and t...

The EUR/GBP pair was able to close below the 38.2% correction for the medium upside channel that started on August 11, 2008 to return and trade within the sideways trend it was trapped in from March –...

AUD moved until 0,8000 area, where the lower part of the upward channel in the chart and 2004 and 2005 tops are found. Important support is found at these levels and is considered as the beginning of ...

A pathetic attempt at basing against trendline and retracement support. In what is expected to be a slow process (note that we also based around here in Dec07/Jan08) nerves of steel will be required. ...

Since the beginning of April, the EUR/GBP has been trading in a horizontal trend channel with a support at 0.784 and a resistance line at 0.803. After the market broke trough the resistance in August,...

The EUR/GBP pair has entered the consolidation area once again for the long-term upside wave that started on 22-7-2007 and ended on 13-4-2008 after it breached the key support for the short term upsid...

The Euro extended losses further against the Yen as it recorded a 13 month low after breaking the short term trend to the upside. The downside correction is currently testing the 100% Fibonacci correc...

The GBP/JPY pair is still finding difficulties to breach the 100% correction at 192.45 for the upside wave that started on March 16, 2008 and ended on July 23, 2008. The pair need to close below the m...

Direction indicators have adjusted to pressure the pair to the upside as the ADX indicator on all timeframes supports the bullish movements. An upside correction is expected to be seen as the pair wil...

Price on the GBP/JPY daily chart, as shown, bounced precisely up off a significant long-term support level late on Monday. This level resides around 192.60, give or take a few pips. Back in July 2005,...

The pair is being pressured to the downside as the ADX indicator is still showing bearish signals after the EUR/JPY pair successfully breached the 61.8% Fibonacci correction where it has now opened th...

Hovering above the recent low at 1.4570 for a second week in a row and well within normal long term retracement parameters. Therefore we continue to wait and watch for reversal patterns here and in a ...

The pair has entered an oversold area on the weekly and daily basis giving it a good chance to rebound from the current 61.8% Fibonacci correction to the upside channel initiated on March 16, 2008 and...

Trading for the pair is still trapped around the 50% fibonacci forrection for the upside wave that started on March 16, 2008 that lasted until July 20, 2008. Three days ago, the pair attempted to brea...

As carry trading transactions were witnessed yesterday, the EUR/JPY pair was able to rebound to close above the 50% correction level at 160.81. Trading for today might witness high levels of volatilit...

The GBP/JPY established a strong downward trend at the beginning of August. The trend channel was broken once through the upper line and once through the bottom trend line. Both breaks were not sustai...

The EUR/JPY yesterday was able to breach the 50% correctional level for the upside channel where a confirmation of this breach will take the pair to its next target at 158.64 which is the 61.8% correc...

The pair is still undergoing the downside correction for the upside channel that started on 20-3-2008 and ended on 22-7-2008 where the bearish movements were limited by the 50% correctional level as w...

The sharp decline led AUD very close to important support at 0,8500-30, levels where the last base of 2008 was formed. This support is important and should not be easily breached. Reac-tions, accordin...

The pair is currently facing downside pressures as we see from the direction indicators yet momentum indicators are showing that the pair is on the verge of entering an oversold area on an intraday ba...

The Euro against the yen was incapable of breaching the solid 160.80 level yesterday as the pair rebounded from there after finding good demand to close again yesterday above it. Failing to successful...

The Euro also continued to drop against the Yen since the pair was bale to breach the 200 days Moving Average at 162.08, however the pair was still not able to breach the 50% correctional level at 160...

The Euro declined as well against the Yen yesterday to the 50% correctional level at 160.80 which provided the pair with strong upside momentum to rise back above the 200 days Moving Average at 162.08...

The Euro also fell against the Yen after the pair breached the 200 days moving average at 162.08 which provided the pair with further downside momentum to reach the critical level at 160.80 represente...

Monday's price action on most currency pairs has been slow-moving and marked by sideways consolidation. GBP/JPY, a daily chart of which is shown, has been no different. After the severe drop that occu...