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Author: NULL

$EURUSD– Triple Bottom?

Currently we are @ 1.2739 after putting in a double bottom and the bounce to the resistance @ 1.2775. We are still bearish so we may see a triple bottom but a break of the 1.2775 would send a signal that a move back to the top...

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$EURJPY – Break?

Currently the cross is @ 97.81 after the breakout of the bear flag and then stopping on the current minor support. We expect a continuation to the double bottom @ 97.42. Next target is the 0.786 fib extension @...

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$NZDUSD – continuation?

Currently the cross is @ 0.7943 after the breakout of the wedge and then hitting our target the 1.270 Fibo @ 0.7957. We expect a slight pullback due to profit taking and then a continuation to R6 @ 0.8006. Interim target is the...

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$USDCAD – retrace?

Currently the cross is @ 1.0273 after moving to the top of the down trendwall. We are looking for the bounce off the trendline to the .382 fibo @ 1.0228 and then we will see. We could also see a breakout north and that would...

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$AUDUSD – Bounce?

Currently the cross is @ 1.0246 after a nice correction. NFP could affect this today but overall we are still bullish and looking for the bounce to the former top @ 1.0328 and then to the latest top @ 1.0387. Should the market...

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$EURJPY – Yen strengthens?

Currently the cross is @ 98.65 after hitting our targets from yesterday. Yen continues to strengthen so it continues to invite intervention. We have not been in this price range since 2000! Should see some profit taking here...

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$EURJPY – new territory?

Currently the cross is @ 99.45. Lots of bearish activity but below the 99.32 has nothing but Fib targets to shoot for. We have not been in this price range since 2001! Next Target after the break of the 0.786 fibo is the 1.270...

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$USDCHF- bounce?

Currently the cross is @ 0.9353 after bouncing on the .618 Fibo @ 0.9322. Should see a continuation of the bullish move today although a run down to the R4 @ 0.9300 cannot be ruled out yet. Next Target is a return to the R5 @...

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