The main trend turned down in the December Euro when the market traded through the last swing bottom at 1.3484. The trend will turn back up if 1.3795 is crossed. Conditions may be oversold on a short-term basis; however, any...
Read MoreDaily December British Pound Pattern, Price & Time Chart The December British Pound is trading slightly higher this morning after a report showed U.K. factory output prices were unchanged in October. The cost of goods sold...
Read MoreNews that Italian lawmakers will move swiftly to implement austerity measures and economic reforms is helping to turn the December Euro higher this morning. That’s the headline story, but technicians believe it is most...
Read MoreDaily December British Pound Pattern, Price & Time Analysis The December British Pound has been trading steady to higher since bottoming on Thursday at 1.5867. Since this contract is based on theSterling’s relationship...
Read MoreDaily December Euro Pattern, Price & Time Analysis Following a 2 percent decline on Monday, the December Euro continued its slide overnight paring another 1.0%. The sharp break is being triggered by renewed concerns that...
Read MoreAfter weeks of speculation, the Japanese government finally stepped up and intervened against the Yen, driving the currency sharply lower. The drop in the December Yen was the biggest decline in almost three years and...
Read MoreMF Global looks pretty ugly on the weekly chart. The market is trading lower this morning and appears to be headed toward an even further decline. Only a weekly closing price reversal bottom can save it at this point. Weekly MF...
Read MoreDecember Crude Oil is straddling a pair of Gann angles at the mid-session. This is temporarily holding the market in place despite bullish equity indices and a weaker U.S. Dollar. Daily December Crude Oil Pattern, Price &...
Read MoreEarlier in the week, December Silver turned its main trend up on the daily chart with a rally through the most recent swing top at 33.10. This morning the market is demonstrating another sign of strength by regaining an...
Read MoreCurrency markets are very active this morning with the announcement of the three part plan to solve the lingering debt crisis in the Euro Zone. Overnight European officials came up with a three point plan to restructure Greek...
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