While the EUR/USD crossed its resistance around the 1.3797 level as shown in the yesterday's report the currency pair rebounded heralded by a long packing Doji close to a bearish trend-line. For the t...

Aussie rebounded again after early retreat to 78.20 and gain to 85.00 cannot be ruled out, however, only break of resistance at 86.21 would signal recent upmove from 55.06 (2008 low) is still in progr...

The GBP declined versus all of its 16 most traded counterparts and dropped against the USD the most in two weeks as a national poll showed that the U.K. may face a minority government after the upper ...

1.3700 provides intra-day resistance on current recovery from 1.3640 - 61.8% of last week's up leg, intra-day sentiment being slightly bullish at the time of writing these lines. However, today's impo...

A break above 1.3680/90 - the trend line resistance extended from 1.3840 - shows up. Some resistance layers are seen above current trading zone - around 1.3730, then higher at 1.3790/00 and perhaps a ...

The euro is approaching the trend line resistance extended from 1.3840, now around 1.3690. Yesterday's gains were limited ahead of the said resistance level but the euro is conserving recent gains abo...

The Australian dollar found decent demand earlier at 76.25 and maintained a firm bias since then and gain to 0.8400 cannot be ruled out, however, only break of 85.30/35 would signal the upmove from 20...

Support on the 61.8% of 1.3435-1.3735 at 1.3550 remains intact after the 2nd test but the euro's recovery is limited, facing intra-day resistance around 1.3610. In case of a rally, 1.3690/00 is the ke...

Another week passed and the euro remains into the 1.3450-1.3730 range, upside being capped around the falling trend line coming from 1.3840. However, as I wrote in my last report, the re-test of 1.370...

Friday's rush higher caught me out completely and it seems as if we'll see additional gains. However, only directly above the 82.79 high will see immediate follow-through. Until then take care and if ...

Since the beginning of February, the AUD could recover and has been trading in a bullish trend versus the JPY. Currently, the currency pair is trading around its important Fibonacci level at 80.30 (61...

Although aussie staged a strong rebound from 76.25 last month, the sharp retreat from 82.80 suggests further consolidation would take place and weakness to 0.79.00 cannot be ruled out but only a daily...

As opposed to the other JPY crosses this hasn't made a new low. Having said that it doesn't look that healthy right now. Only a move back above the 80.37 pivot area would lead the way back to yesterda...

Although the Australian dollar staged a strong rebound after finding good support above the Ichimoku cloud top to as high as 82.80 on Monday, yesterday's retreat suggests further consolidation below r...

Since the beginning of August 2009, the AUD/JPY has been trading above the 76.25 support level. After its cross below the 80.00 around the beginning of February, the pair pulled back from the 76.25 su...

The euro reached a fresh low against the dollar last week - 50 points below earlier established multi-month low at 1.3585 on February 5. Although it found some bids, forming a temporary support and re...

The euro missed its chance to breach above the $1.38 handle and collapsed, re-testing the 1.3585/00 support region. Although it found bids and recovered half of yesterday's initial losses - downside r...

Last week's anticipated break of 76.57 support confirms a temporary top has been formed at 86.21, however, as aussie has rebounded from 76.25, suggesting first leg of decline from 86.21 has ended ther...

The Australian dollar extended the fall from 86.20 top as expected and reached our indicated downside target at 76.34-57 (last Friday's low was 76.25), this breach of 76.34 support confirm top has bee...

There seems to be a mildly positive potential today with the 78.49-68 area likely to cap… otherwise yesterday’s comments continue to apply] Friday's gains stalled at 78.12 and this can be considered t...

I remain with a target around 78.83 but don't think we'll get there directly. More likely we have seen the low today and while the move could be choppy I feel the day should see a recovery back to bet...

Despite early rise to 86.21, the subsequent strong retreat from there suggests top has possibly been formed there as the end of wave 5 of (C) and downside bias is seen for weakness to 79.85/90, break ...

Despite early resumption of medium term upmove to 86.20, the subsequent retreat from there and the weekly close below the Kijun-Sen suggest a temporary top has possibly been formed at 86.20 and correc...

As the currency pair has maintained a firm undertone, reinforcing our bullish count that the wave 5 of (C) is still in progress and indicated upside target at 86.15 (61.8% projection of 1-3 measuring ...

Since the end of November, the AUD/JPY has been gaining along a bullish Fibonacci fan. After touching the middle line of the fan at the beginning of January, the market pulled back and reached the top...

The Australian dollar did resume medium term upmove from 55.06 (2008 low) last week as expected and hit a high of 86.20 (reached our indicated upside target of 86.15), although the retreat from 86.20 ...

Losses were much stronger than expected and I do feel there will be further lows seen before there can be any chance of a correction higher. There is resistance around the 84.38-76 area and until this...

As the currency pair staged a stronger-than-expected rebound from 76.57, the breach of resistance at 85.30 signals the wave 5 of (C) is still in progress and gain to 86.15 (61.8% projection of 1-3 mea...

Despite last week’s retreat, as the currency pair rebounded after finding renewed buying interest above the flat ground Kijun-Sen, suggesting consolidation with upside bias would be seen and gain to 8...

Although the currency pair rebounded from 76.57 to as high as 82.99, the retreat from there has retained our view that top has possibly been formed at 85.30 and consolidation with downside bias remain...

Since the middle of November, the USD/JPY has been moving less the resistance level at 90.60. After starting to move inside a bullish trend channel, the market has reached the resistance point for the...

The EURUSD made indecisive movement on Friday, formed a Doji on daily chart. Price attempted to push lower, bottomed at 1.4260 but closed higher at 1.4336. The rejection to move below key support leve...

Losses edged below 80.28 but by only 8 pips and I feel we are still trapped within a sideways trading range. This should see the 80.49-59 support hold and generate a move higher into the 81.20-30 resi...

Although the currency pair broke above indicated retracement level of 81.97 (61.8% Fibonacci retracement of 85.30 to 76.57) and just as indicated rose to 82.99 (we suggested risk is for test of 83.00)...

Although the currency pair dropped to as low as 76.57 the week before, as aussie rebounded strongly from there to 82.99, suggesting further consolidation would take place and although price has retrea...

Failure to retest recent high at 85.30 and the subsequent fall below indicated key support at 79.50 confirm a temporary top has been formed at 85.30 earlier and although price has rebounded from 76.57...

Although the currency pair rebound to 84.22 earlier this month, the subsequent retreat from there has retained our bearish view that top has possibly been formed at 85.30 and further consolidation bel...

As you can see the GBP/JPY has been trading along a bearish trend line with a support level around 146.40 and a resistance point around 148.30. The market is currently trading around the support level...

Losses actually extended to the 80.62 support but from there we have seen a pullback. I feel there is just a little more to go with the 81.95-82.23 area providing resistance. Only a move above this re...

The Australian dollar did find decent demand above indicated key support at 79.50 and rebounded last week to 84.22, retaining our bullishness for upmove from 55.06 (2008 low) to resume after consolida...

Despite last week's retreat to 79.46, the stronger-than-expected rebound from there suggests a retest of recent high at 85.30 cannot be ruled out, however, only break there would signal the wave 5 is ...

This morning has seen Friday's gains extend to 83.48 and it seems like we're going to retest the 84.02 high. We'll have to be careful here as a correction is possible at this high. Therefore, only bre...

Since the beginning of October, the AUD has been trading in a bullish trend against the NZD. The currency pair tried to cross its Pivot point at 1.2652, but it remains to make sure if the breakthrough...

Although aussie retreated after rising to 85.30 (23 Oct) earlier, price found decent demand right at the flat ground Ichimoku cloud top and has rebounded, suggesting as long as support at 79.50 (Monda...

Despite anticipated resumption of upmove to 85.30 last Friday (our indicated upside target at 85.00 has been met), the sharp retreat from there suggests the wave 5 as well as larger degree wave (C) ha...

The underlying MT direction is bearish while the daily bias is bearish. Therefore the main risk is lower. Ensure that key resistances levels hold. Note key support levels that would suggest continuati...

Last week's resumption of the upmove from 2008 low of 55.06 reinforces our bullish view and our upside target at 83.21 (50% projection of 55.56-80.46 measuring from 70.76) has been met easily and bull...

Since the beginning of October, the currency pair has been trading in a bullish trend channel. Recently, the AUD crossed its resistance at 84.10. One time before, the resistance was strong enough, but...

Aussie finally broke above resistance at 82.00, dampening our view that top has been formed and the wave (C) upmove from 55.56 is still in progress in wave 5 for headway to 83.21 (50% projection of wa...

The uptrend continues relentlessly and we now face the 82.59-63 resistance and possibly 83.01-25 for the next barriers. Momentum remains strong and until we get bearish divergences at key resistance l...