Technically, this week’s rally in the March Euro is impressive, but it hasn’t changed the trend on the daily chart. This will only occur when the January 3 top at 1.3085 is violated. In fact, without a potentially...
Read MoreTraders often ask me, “What is the daily trend in the March Australian Dollar?” Using my swing chart or main trend indicator I have to conclude that the main trend is up. My analysis suggests that the main trend...
Read MoreSince reaching a top at $31.14 on its first day of trading, Groupon (GRPN) has traded lower. Currently the stock is in a position to post a secondary lower top at $25.15. When GRPN turned its main trend turned down in late...
Read MoreThe three day sell-off in March Cocoa has created a new main top at 2274. A trade through this price level will turn the main trend up on the daily chart. A trade through the last swing bottom at 1983 will reaffirm the down...
Read MoreAfter reaching a low at .9761 last week, the March Australian Dollar has settled inside of a small range bounded by a 50 percent price at .9901 and a 61.8 percent price at .9744. This percentage retracement zone was created by...
Read MoreThe March Canadian Dollar is getting hit hard this morning as traders continue to flock to the safety of the U.S. Dollar. Weakness in the Euro is encouraging the deleveraging of commodities and equities, triggering higher demand...
Read MoreThe December Euro is under pressure this morning triggered by a mass exodus of concerned investors. Traders are selling the Euro after European Union policymakers failed to end concern that Italy and Spain would succumb to a...
Read MoreThe December Euro surged to the upside as expected when the European Central Bank announced it was cutting its benchmark interest rate by 25 basis points to 1.00, but then sold off as head central banker Mario Draghi failed to...
Read MoreThe December Euro is advancing this morning ahead of this week’s European summit. On Friday the single currency produced a daily closing price reversal top that has the potential to trigger a break if it can be confirmed....
Read MoreOn Wednesday, the December Canadian Dollar soared after the Bank of Canada and other major central banks made a coordinated move to flood the Forex markets with liquidity. It may have been a pre-emptive strike to avoid a major...
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