NZDUSD – Is a bull trap looming over the pair? A larger corrective downtrend started from 0.8845 (Aug’11 high) appears to be unfolding in a multimonth triangle pattern. The corrective recovery from 0.7455 (June low)...
Read MoreUSDCHF – The wave 4 corrective pullback could target 0.9600/0.9550 USDCHF has been in larger corrective uptrend since August’11 and it could test the 1.000/1.0700 resistance on multi-month basis (watch for strong...
Read MoreAUDUSD – Look for near term weakness 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...
Read MoreUSDCAD – Test of multi-month triangle support line is on the cards A larger corrective wave started from 0.9405 (July’11 low) appears to be still in force which allows for a retest of the 1.0525/1.0655 resistance on...
Read MoreGOLD – Near term range bound trading is likelyto continue with 1625/1641 barrier A larger wave IV corrective wave is underway from 1921 (Sep’11 high) which has the potential to test the 1460/1308 on multimonth basis...
Read MoreWe are supporting the USD Bears , we pick EURUSD ,USDCHF and all the other pairs except JPY as we may get small correction. Economic Release : A slew of Economic Indicators are out from most countries , Fed Interest Rate...
Read MoreUSDCHF – A wave 4 corrective pullback is underway USDCHF has been in larger corrective uptrend since August’11 and it could test the 1.000/1.0700 resistance on multi-month basis (watch for strong 2005 monthly...
Read MoreGBPUSD – Poised to challenge 1.5780 GBPUSD is appeared to be in a multiyear triangle formationbetween 1.7000 and 1.4200. Current down leg started from 1.6300 (April high) isstill in force. The corrective wave B started...
Read MoreEURUSD EURUSD closed @ 12285 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Tgt 3 and the Low was 5 pips from Precise Trader’s Sup Tgt 1. The...
Read MoreUSDCHF USDCHF closed @ 9780 which was BELOW the open and breached the previous day’s low. The High was PRECISELY at Precise Trader’s Res Zone 1 and the Low was 10 pips from Precise Trader’s Sup Tgt 3. The...
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