EURUSD has created a new support and resistance lines. For now the candles are staying between 1.4131 resistance, and 1.3933 support line. For now the trend is neutral, but a strong negative trend can become active when candles will break sharply the support line. However, if prices are climbing above 1.4020 bulls can come out [...] [...more]
EURUSD ex-resistance line at 1.3997 was broken and positive trend has started, for now to break this trend, bears needs to push prices at least to the 1.3990 price level. At current situation bulls taking the lead and buying options can be considered. TA.EURUSD 2009-06-24 TA.pdf [...more]
DAILY FORECAST FOR AUDJPY Bias: While there is still risk of seeing 75.95-10 I feel the day should finish lower. While the recovery wasn’t expected I feel we have probably seen the majority of the recovery. Thus from the 75.95-10 area I feel we should be looking for losses to push back below 75.28 to [...] [...more]
EURUSD support and resistance lines remains in the same place, but support line is in danger and soon can be broken. A small gray box is formed, and if candles are going to break from it to the downside â bears will kick out the bulls temporally from a game. But for now trend is [...] [...more]
DAILY FORECAST FOR GBPJPY Bias: I feel there is still risk of slippage to the 153.48-60 area before a correction Losses have already broken the 154.96 low and this should lead to further losses. I’m not even sure we’ll get much of a pullback but if we do the 155.50-70 area should stall the correction. [...] [...more]
EURUSD, like it was stated before, did reverse and this action made channel broken. Selling action is good to take, there is a possibility to wait and get better price for selling rather than now. Bears are taking control once candles jumped out from the channel, quick movement down was strong. Long term trend is [...] [...more]
DAILY FORECAST FOR USDCAD Bias: While 1.1350 supports I feel this rally can challenge the 1.1431-48 area – maybe even 1.1481 Friday’s gains didn’t manage to break out of the range seen in the last few days of last week. However, the start today has seen breach and thus we should now see stronger gains. [...] [...more]
EURUSD step by step and heading towards the resistance line at 1.3984 price level. If candles are going to stay above 1.3960 we can be more confident about the bulls. At this situation trend came back to neutral status and we should wait for new possibilities. In a long run we can still see from [...] [...more]
DAILY FORECAST FOR EURJPY Bias: I feel there is early risk of a retest at 135.36-71 but then end the day lower There is still early risk of seeing a push into the 135.36-71 area but I feel this will cap and generate losses by the end of the day. From there, or an earlier [...] [...more]
EURUSD has hit and did break resistance line at 1.3934, for now candles are forming a little box from which later on strong trend will start happening. If prices are going under ex-resistance (1.3934), next stop can be at 1.3813 price level. However, for now trend is positive, but buying shouldn’t be done with closed [...] [...more]
