Author: Ryan Best

If EURUSD price can get above 1.4700 then a move higher may be seen. But until then, further losses are the focus. On the daily chart I will be looking for a break of the short channel line to signal… Great week of...

The approach to the 75% retracement line of last year’s big fall has been apprehensive at best. Some are calling this a possible top for the pair before a retracement to the 1.4400-1.4200 area. I… Great week of...

Only 14 months ago the currency pair had reached a level that few thought would be seen again for some time. The move happened on 08/08/2008 and took the EURUSD below 1.5000 to a low of 1.4996. Most… Great week of trading...

Before there can be any strength seen in the dollar as some suggest, there may need to be another test of the new bottom put in last week.Until then I think we see a few days of sidways action at… Great week of trading...

In late afternoon US trade, we got a taste of the trouble that may come if poor US data begins seeping from the perceived “righted ship” that is the US economy. Pure speculation that retail sales… Great week...

Much has been made so far of the strength of the pair in the last few days. The important thing to keep in mind though is that price has failed to break even the high from last Thursday, not to… Great week of trading...

Showing a little exhaustion, AUDUSD may slump to .8850 By no means am I calling a top in the AUDUSD, however if you are chasing the trend from these levels be prepared for some drawdown before you… Great week of trading...

I would expect there to be a bit more USDINX strength seen in the next few hours. I don’t expect ther to be much in way of a move above 76.50, but if it happens. I think 46.70 may be it. AUDUSD… Great week of...

With daily resistance holding and hourly support at 76.50 also holding for now, a break out seems to be looming. The resistance is lending support to the theory of a collapsing USD, but the support… Great week of trading...

I thought this was an interesting chart. Three times this year there has been clear SNB intervention, and with each instance the pull was less ans less. Not only was the overall move less, but the… Great week of trading...