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EURUSD – A complex wave 4 correction is in force The pair has been trapped in a multiyear triangle consolidation between 1.4950 and 1.1870. We prefer to view the setback from 1.4945 (May’11 high) as wave (D) of the...

AUDUSD – Beware of bull trap A larger corrective downtrend started from 1.1085 (July’11 high) appears to be still in force for AUDUSD which may be a large triangle consolidation in a range between 1.0855 and 0.9580 (...

USDJPY – Near term strength could be corrective USDJPY had been in a corrective wave (4) from its Nov’11 low at 75.60. Given an ABC wave completion at 84.20, odds favors a retest of the strong 76.00/75.60 support. A...

USDSGD – Nearing a medium term bottom? A larger corrective wave from 1.2000 (Jul’11 low) may be unfolding in a multi-month triangle consolidation within a range of 1.3200 and 1.2300. The setback from 1.2970 (June...

USDCHF USDCHF closed @ 9750 which was ABOVE the open and was within prior day’s trading range. The High was 10 pips from Precise Trader’s Res Zone 1 and the Low was PRECISELY at Precise Trader’s Sup Tgt 1. The...

AUDUSD AUDUSD closed @ 10515 which was BELOW the open and was within prior day’s trading range. The High was 30 pips from Precise Trader’s Res Zone 1 and the Low was 15 pips from Precise Trader’s Sup Tgt 2. The...

NZDUSD NZDUSD closed @ 8090 which was BELOW the open and was within prior day’s trading range. The High was 20 pips from Precise Trader’s Res Zone 1 and the Low was 10 pips from Precise Trader’s Sup Tgt 1. The...

EURUSD – The wave 4 correction may be forming a bearish triangle The pair has been trapped in a multiyear triangle consolidation between 1.4950 and 1.1870. We prefer to view the setback from 1.4945 (May’11 high) as...

USDJPY – The pair is in bears’ control USDJPY had been in a corrective wave (4) from its Nov’11 low at 75.60. Given an ABC wave completion at 84.20, odds favors a retest of the strong 76.00/75.60 support. A...