Author: Ryan Best

I posted the hourly chart yesterday and speculated that the target for the following few hours was the lower line. It doesn’t look like that line will hold today. The only thing really going for it… Great week of...

The EURUSD is headed toward the lower line target area and may even get there today, if the DJIA keeps getting knocked. As I have been watching the news on the raids this morning of two hedge funds,… Great week of trading...

For the chartisits out there, if this DJIA chart is starting to look a little familiar, it should. Strictly from a MACD point of view, this is not a pretty picture. The USD has gained against the EUR… Great week of...

I mentioned yesterday that the daily candle was looking weak. This move may be findindg a short term top. Keep in mind though that it is entirely possible that the pair could see significant… Great week of trading topped...

Although the range of 1.4028 to 1.3786 has been stretched a little, the pair has remained relatively for the most part faithful to it. This latest test to the top side taht happened overnight was… Great week of trading...

I specifically mentioned in yesterday’s post that this area was going to be seen again in the coming days. The est of this area won’t be over for a few more days. In fact a range of 1.4028 to 1.3785… Great...

Now that the pair has begun topping, short targets can be assesed. Those fib fans out there will like the nice round nature of the 1.3500 mark. 1.3800 was breached last night, and a fall further may… Great week of trading...

The pair has fallen back below 1.3900 as suspected profit takers close out trades. This may help the pair fall to as low as 1.3800 in the coming hours, perhaps as late as tomorrow. Even though it’s… Great week of...

EURUSD May Drop Back To 1.3860/70 As Support Overnight. Definatelt won’t settle here as this US NFP is one of the most anticipated in months. Great week of trading topped with another 514 points.

If you follow the blog at all, you will recognize this chart form a few days. I had the same EURUSD daily chart with the 800 SMA and the 100% extension line drawn and identified the 1.4000 area as a… Great week of trading...