EURGBP: Climbs Above Its Falling Channel EURGBP: Continued upside offensive saw the cross turning sharply higher above its MT falling channel Tuesday and opening further upside threats. Although still maintaining its medium term...
Read MoreUSDJPY Turns Off Channel Resistance. USDJPY: With an unsuccessful test of its channel resistance, USDJPY sold off sharply Thursday to close lower at 95.81. We retain our call for downside weakness while the pair maintains within...
Read MoreGOLD: The metal’s declines from the 989.97 level, representing its Jun 03’09 high has temporarily halted as a third day of corrective upside gains is underway. Gold has been declining for the past three weeks pushing...
Read MoreGOLD: Corrective Weakness Remains In Force GOLD: Gold continues to maintain its fourth week of downside losses declining to as low as 917.90 in today’s trading. This is coming on the back of its failure at the 989.97...
Read MoreDeclining Channel Puts Nearer Term Bias To The Downside EURUSD: Although our overall bias remains higher in the medium term, corrective weakness started at the 1.4339 level, its 2009 high continues to put the pair in a...
Read MoreLoss Of Upside Momentum Sees Further Weakness. GOLD (Futures): After weakening for a second week in a row the past week, Gold began the week on Monday following through lower to keep it vulnerable to further corrective downside...
Read MoreRejection Candle Halts Recent Medium Term Upmove. EURUSD- Although EUR retains its broader medium term uptrend triggered off the 1.2456 level in early Mar’09, its price action the past week has halted that uptrend...
Read MoreEURUSD: Begins Corrective Pullbacks EURUSD: A clean wipe out of its Tuesday gains was seen on Wednesday suggesting as alluded to in our past analysis corrective pullbacks. Our initial target on following through lower stands at...
Read MoreBullish With Eyes On The 968.00 Level. GOLD (Futures): The metal decisively broke and closed above its May 15’09 high at 934.15 the past week to maintain a third week of upside gains since turning higher off the 850.30...
Read MoreGBPUSD: Holding On To Gains & Targeting The 1.6000 level. GBPUSD: Having held firmly above the 1.5373 level and the 1.5724 level, its Dec 17’09 high, continued upside gains is now expected to head further higher...
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