USDCHF has been facing selling pressure near 1.0940-30, however, it has a substantial amount of Support at 1.0900. A break of 1.09, if seen later in the day could attract some buying near 1.0872, the ...

Resistance on the U.S. dollar index that was mentioned in yesterday's analysis and it held prices below 78.00, and therefore showed some dollar weakness on a day that oil moved higher and the ECB were...

Cable came under pressure in the early US session yesterday as it plummeted to make a fresh low at 1.8284 levels. Cable has recovered mildly and is trading around 1.8360 levels. Although, the hourly c...

Euro 1.4750 Initial support at 1.4634 (Aug 27 low) followed by 1.4571 (Feb 26 reaction low). Initial resistance is now located 1.4777 (Aug 27 high) at followed by 1.4808 (Aug 25 high)....

GBPUSD found Support at 1.84, the Support that we had mentioned in our report earlier in the day, and since then a rise towards 1.8491 was seen. However, the pair faces a Resistance from here in the ...

Below is the weekly U.S. dollar index chart with impulsive wave counts on the downside. In the middle of 2005 the dollar was at the start of a run of weakness. Here you will find the expanding diagona...

The Euro recovered after testing bids at 1.4570 on yesterday, but the short term bias remains on the downside. Resistance at 1.4765 and higher at 1.4800/10 should limit the upside for now. Support is ...

Euro 1.4650 Initial support at 1.4571 (Aug 26 low) followed by 1.4444 (Feb 7 reaction low). Initial resistance is now located 1.4762 (Aug 26 high) at followed by 1.4808 (Aug 25 high)....

The 0.8490 wave equality target was tested and held with bullish divergences in hourly, 4-hour and daily charts. This does suggest we have seen the end of a 5-wave move lower and thus we can expect a ...

Finally a break of the Resistance at 1.1035-50 has been seen today. The lower than expected German Ifo has triggered this rise. The Max High at 1.1060 already breached the pair could head higher later...

The AUD/USD gave some hope for bullish trends in July after a break through its strong resistance around 0.964. However, after a short excursion over this level, the market started a rally downwards a...

Cable picked up some momentum as it surged 185 pips from the day's low of 1.8404 yesterday despite UK markets remaining closed. The currency retraced to the extent of 50% of the recent fall and took r...

EURUSD: Support into the 1.4650 region may be tested later as the Euro reversed after testing resistance at 1.4800 on yesterday. Short term bias is on the downside while resistance at 1.4800 holds. Pr...

The Australian dollar is sitting at a very pivotal point right now, currently being supported by the 100 week SMA at .8600. It has been 2 years since we have seen the aussie tangled in this SMA and el...

Euro 1.4715 Initial support at 1.4697 (Aug 22 low) followed by 1.4673 (Aug 20 low). Initial resistance is now located 1.4901 (Aug 22 low) at followed by 1.4963 (23.6% retrace 1.6038 to 1.4631)....

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...

For the day, Cable could see a further rise towards the Max High for the day at 1.8564. The Support at 1.8480 is essential for the rise towards 1.8564 to materialize. Overall the pair continues to rem...

Speculative investors extended their overall positions in the week from 12 August to 19 August, as net long USD positions were built further against all G10 currencies except the NZD. The biggest move...

Euro was unable to sustain at 1.49 levels and was sent 145 pips lower in Friday's session. Early this morning the currency marked a low of 1.4696. The daily chart is turning mid-way to indicate sellin...

The Euro could not break the resistance at 1.4900 on Friday and declined, testing bids at 1.4700 on today's Asian session. Bias remains on the downside while resistance into the 1.4800 region holds, a...

Euro 1.4785 Initial support at 1.4732 (Aug 21 low) followed by 1.4673 (Aug 20 low). Initial resistance is now located 1.4901 (Aug 22 low) at followed by 1.4963 (23.6% retrace 1.6038 to 1.4631)....

After the steep plunge in the first half of August on the AUD/USD (a daily chart of which is shown), price has consolidated into a rough inverted flag formation. For the time being, this consolidation...

Aussie faced a strong Resistance at 0.88 and dipped after it was unable to rise from there. For the day from here a huge move is not immediately expected as the day could end on a calm note with no ma...

Cable was volatile within 100 pips in the UK session yesterday and later strengthened and surpassed 1.87 mark to touch a high of 1.8790. Overall cable witnessed a move of 185 pips. The hourly & daily ...

The rally past resistance at 1.4850 on yesterday provides clues of a corrective move which could be underway, with key resistance aimed into the 1.4965/80 region. Interim resistance is seen at 1.4900/...

Euro 1.4880 Initial support at 1.4732 (Aug 21 low) followed by 1.4673 (Aug 20 low). Initial resistance is now located 1.4896 (Aug 21 low) at followed by 1.4963 (23.6% retrace 1.6038 to 1.4631)....

Cable rose in the day to face a stiff Ressitance at 1.87, a level it tested a couple of times over. However, Cable failed at the Resistance and has come off since then to trade at 1.8630. In the proce...

We could still see more U.S. dollar weakness against the Canadian dollar. The cad wave count has changed a little. After the zig-zag in wave (w) prices made a flat correction in wave (x) and now we sh...

The Euro recovered after testing support at 1.4700 on yesterday and resistance into the 1.48 region is under pressure at the time of this writing. Intraday studies are bullish and the rise may extend ...

Euro 1.4775 Initial support at 1.4631 (Aug 19 low) followed by 1.4611 (Feb 18 low). Initial resistance is now located 1.4808 (Aug 15 low) at followed by 1.4963 (23.6% retrace 1.6038 to 1.4631)....

The Pound dipped to near 1.8539 during the day today, just above our projected Max Low for the Day which comes in at 1.8530. The previous lows of 1.8537 (yesterday) and 1.8512 (Friday) are the Suppor...

Euro was dragged to a low of 1.4630 despite strong economic sentiment of the Eurozone, however pared most of its losses in the US session as it sped to mark a high at 1.4793 making a bullish divergenc...

The Euro recovered on yesterday, breaking the intraday resistance at 1.4700 then testing offers at 1.4800. Interim support has been set at 1.4750 which is backed by 1.4700 and 1.4630/40. Resistance em...

Euro 1.4790 Initial support at 1.4631 (Aug 19 low) followed by 1.4611 (Feb 18 low). Initial resistance is now located 1.4808 (Aug 15 low) at followed by 1.4981 (Aug 13 high)....

In last week's release, we discussed the potential for extended short strength for the US dollar, although the context for this remains against a long term bear market. Given the speed of the market's...

Cable had dipped earlier in the day to a low of 1.8539, however, a sharp buying interest from there has resulted in a bounce to 1.8620 since then. For the day, 1.8675-8700 is a strong Resistance and a...

There are two possible counts on this par for today. The most common correction in wave IV is zig-zag, which was not the case yesterday, the next two are definitely triangle and flat, it is interestin...

Euro witnessed a sideways movement of about 95 pips yesterday plunging down from the highs of 1.4767. All major stochastic is oversold, yet the overall bias remains on the downside for the pair. Susta...

EURUSD Support into the 1.4650 zone failed to hold and the Euro is currently testing bids into the 1.4630 region. Intraday studies are bearish and a sustained break of 1.4650 may accelerate the declin...

Euro 1.4690 Initial support at 1.4646 (Aug 18 low) followed by 1.4611 (Feb 18 low). Initial resistance is now located 1.4808 (Aug 15 low) at followed by 1.4981 (Aug 13 high)....

This pair is looking very interesting for dollar sellers right now. As you will notice below, the market pushed the prices up to some very critical resistance areas around 1.1000. It touched the upper...

Speculative behaviour in FX markets shows that investors have increased their belief in a broad-based USD strengthening. In the week 5-12 August, speculative net short positions in all almost major cu...

Last week the AUD/USD traded in a horizontal trend with a support at 0.8606. After the market touched the support level twice the market started to rise and there seems to be a new resistance at 0.872...

The pair is trying to correct to the upside but no signs on any of the indicators support the correction with the exception of the momentum indicator on the daily chart showing the price being oversol...

The US dollar continued its rally during the last week, breaking through technical barriers into the 1.49-1.5 region, bringing the 50% retracement of the 1.3263-1.6038 at 1.4651 on focus. The 1.4950-1...

The 0.8611 low appears to be Wave a of Wave v of Wave c in Wave –c- of Wave –v-… Thus while the correction in Wave b is quite deep at 0.8732 (76.4% at 0.8750) I still feel we should see the downside ...

Euro 1.4685 Initial support at 1.4664 (Aug 15 low) followed by 1.4611 (Feb 18 low). Initial resistance is now located 1.4808 (Aug 15 low) at followed by 1.4981 (Aug 13 high)....

EURUSD: The breach of the support at 1.4820 on yesterday extends the decline into the mid 1.47 region where interim support is being tested at the time of this writing. Next support region is seen at ...

Euro 1.4775 Initial support at 1.4719 (76.4% retrace 1.4311 to 1.6038) followed by 1.4700 (Round Number). Initial resistance is now located 1.4815 (Aug 12 low) at followed by 1.4981 (Aug 13 high)....

The Support at 1.8700-8650 held in the day, resulting in the pair stabalising earlier in the day. For now a rise towards 1.88 and beyond could be possible if the US CPI data is released lower than exp...