The cleanest short term pattern is the GBPUSD 5 wave rally from 1.6775. The pair has retraced about 61.8% of that advance. This is the area that is likely to produce a bottom. I wrote in these pages y...

Price acceleration was seen through the 1.3682/66 zone, its April'07/Dec'04 highs on Wednesday pushing the pair to a low of 1.3424 before closing at 1.3436. This is coming on the back of a collapse ah...

A rise in the pair towards 1.15 has been restricted 1.15 during the day. The pair could now find Support near 1.1325-00 over the US session today, as the Projected Max Low for the day is at 1.1308. Al...

The ranges we had set for the trend reversal (1,3770-00) were not breached and the downward break of the support levels at 1,3480-00 ended the upward expectations that were raised in the beginning of ...

EUR/USD-market strategy can be a sell from the level 1.3480$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD l...

EUR/USD The Slow Stochastic and the RSI on the daily chart are showing a continuation of the current bearish correction. There is also a very accurate bearish channel forming on the 4-hour chart. In a...

EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently ...

The pre-planned buying positions from key supports were realized with attainment of basic assumed targets. OsMA trend indicator, having marked relative buying activity rise gives reasons for buying pl...

The British Pound also descended significantly yesterday against the US Dollar from Wednesday's top 1.7600 to this morning's bottom 1.7140, which are the first support and resistance levels respective...

Most of yesterday's trading was around the 1.3630 level where even an incline towards the 1.3680 level wasn't strong enough to result in trading above the neckline. Today we see trading is still affec...

Euro: The pair lost around 200 pips from its days high of 1.3685 and made a low of 1.3487 yesterday. Euro further plunged and touched the lows of 1.3347 this morning. T recent low of 1.3250 looks like...

EUR/USD closed lower on Wednesday ending a two-day correction off last Friday's low. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold,...

I have a problem here in that the 1.7629 high just seems too low for a Wave -b- retracement. I would prefer then to call this a Wave (a). A 61.8% retracement lies at 1.7099 and a 66.7% retracement at ...

The Sterling also slumped against Greenback yesterday. The pair bottomed at 1.7135 and closed at 1.7141. However the pair was corrected higher early today in Asian session, traded around 1.7335 at the...

The EURUSD failed to break through 1.3785 and now finds itself below 1.3485, which was my bullish line in the sand. The pair is in the middle of the recent range and only a break below 1.3250 or above...

The collapse in the US stock indices that obliterated the large, but fleeting, gains on Monday and the weak US data that highlighted the economic abyss we have entered sent the commodity and Scandinav...

The sterling can be seen here approaching support after a 460 pip fall in afternoon trading. Support can be seen at 1.7160 and after that is 1.6775 which was seen on 9 October. The RSI is almost in ov...

Euro 1.3434 Initial support at 1.3405 (Oct 13 low) followed by 1.3260 (Oct 13 trend low). Initial resistance is now located at 1.3690 (Oct 15 high) at followed by 1.3690 (Oct 9 high)....

Price action on the GBP/USD daily chart, as shown, has been making what could be considered an upside correction or retracement after hitting a 5-year low late last week. This retracement has stalled ...

With EUR failing ahead of the 1.3786 level, its Oct 09'08 high and closing back below the 1.3682/66 zone, its April'07/Dec'04 highs, its corrective bounce started at the 1.3259 may be coming to an end...

EURUSD: Dipped to a fresh yearly low at 1.3258 on 10 Oct, as of downtrend from 1.4864, 22 Sep lower top, broke under 1.3881, 11 Sep previous low. Current consolidation/correction phase seeks for clear...

1.3485 remains the key level for short term EURUSD bulls. If the larger pattern is bullish, then the pair should reach 1.40-1.42 in the next week. Repeating last night's commentary “the beginning of a...

Once again the pair was unable to rise beyond 1.14 and has slipped to a low of 1.1315 after facing resistance. However, 1.1315 happens to be the 13-SMA on the daily chart and is holding as Support for...

The target can be 98.80 at previous support level. Technical oscillators that supporting the bearish tendency are: MACD moving averages bellow the zero line and pointing down....

The British Pound recovered significantly yesterday against the US Dollar from Monday's bottom 1.7266 to Tuesday's top 1.7627, which are the first support and resistance levels respectively for the cu...

First basic resistance at 1,3750-70 is reached, and bears made their appearance, leading euro back to 1,3600 area. The market is volatile and the ranges for the upward scenario are set at 1,3440-50. F...

The pre-supposed test of key resistance range for the pre-planned positions for sell realization was not confirmed and activity fall of both parties gives reasons for the preservation of range strateg...

Euro gave up most of its gains in the US session as it plunged more than 200 pips from the highs of 1.3770 yesterday. Fed’s decision to buy stakes in big banks helped dollar maintain its strength agai...

A downside trend for the Euro with a neckline at 1.3630. Failing to trade above the mentioned level will result in more downside movements targeting 1.3530 and perhaps 1.3500. We see on the relative s...

EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently ...

EUR/USD closed higher on Tuesday due to short covering as it consolidated some of last Friday's decline. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI a...

The beginning of a larger move is usually ugly and unclear. Such is the case here with the EURUSD. Still, wave rules have not been broken in the count presented above and there is no change to this mo...

The dollar recovered early losses against the European currencies and surrendered gains versus the yen on Tuesday, as short-term rates for dollars declined in the aftermath of global authorities injec...

Euro 1.3550 Initial support at 1.3405 (Oct 13 low) followed by 1.3259 (Oct 10 trend low). Initial resistance is now located at 1.3786 (Oct 9 high) at followed by 1.3882 (Oct 9 high)....

The EURUSD is quietly building a base that will likely lead to Euro strength accelerating in the days ahead. This is my favored count, which is quite bullish. I am treating the advance from 1.3257 as ...

Of course we wouldn't ask the question if we didn't believe the chances are good. But, the major caveat is the same we've shared before - in a fundamentally-driven market (or major event-driven) the t...

Fear-driven markets have found some reprieve in a global effort to curb a crippling financial crisis. For the currency market, the change has lead to a clear pull back in the safe haven US dollar and ...

EUR's decline off the 1.4867 level (Sept 22'08 high) to a low of 1.3259 may have temporarily halted as a one-day upside gain Tuesday looks to head further higher. This present price action is not unex...

The dip towards 1.74 has seen some buying interest and a subsequent rise in the pair has seen. The pair conitinues to reamin bullish and could now target 1.77 in the short term and provided the Resist...

The US Dollar has come under heavy selling pressure and looks likely to see further near-term losses as risk appetite rushes back into forex markets. However, we see this weak spell as corrective and ...

EUR/USD The daily chart shows fresh signs of a bullish move, suggesting that the downtrend has vanished. The 4 chart's RSI also supports this notion indicating that the upwards momentum has more steam...

Euro moved upwards yesterday showing the first recovery signs. A clear break of the resistance at 1,3770-90, would be a definite confirmation and next targets are set at 1,3900-20 and 1,4070-90....

The British Pound recovered significantly yesterday against the US Dollar from Monday's bottom 1.6866 to this morning's top 1.7547, which are the first support and resistance levels respectively for t...

EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently ...

The pair failed to consolidate above 1.3700 levels and failed to acquire it yesterday and for that we expect a downside wave as far as 1.3700 remains intact which is now a psychological level ahead of...

The pre-planned buying positions from key supports range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked activity fall of both parties gives reasons for ass...

Cable surged more than 500 pips in a single session yesterday from the lows of 1.6926. The hourly and 4-hourly stochastic are highly overbought and the immediate resistance is seen at 1.7648 (100 4-ho...

EUR/USD closed higher on Monday due to short covering as it consolidated some of last Friday's decline. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are ...

Holiday or not, Monday was a big day in the financial markets. In an aggressive move, central banks flooded the financial system with liquidity, and the battered US stocks surged over 11.6 percent. In...

The rally from 1.3257 is an impulse, indicating that the trend is up towards 1.40-1.42. A B wave low may also be in place at today's low (1.3456). A rally through 1.3686 warrants a bullish bias agains...