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Author: NULL

$EURUSD – critical area:

Currently we are at 1.2992. The cross is still showing lots of bearish signs and we are approaching a critical area on the 240 chart. A bounce on the Down Trendline coincides with the .382 fibo and would start wave 5 to the...

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$AUDUSD- Continuation?

Currently the cross is @ 1.0125 after bouncing on the .618 Fibo @ 1.0058. Should see a continuation of the bullish move today. The holidays and lack of liquidity could stall the movement on the cross. Next target is a return to...

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$EURUSD- Bear flag?

Currently the cross is @ 1.3034 after taking out the R4 target @ 1.3184. Should see the bear flag continue today as the holidays and lack of liquidity should stall the movement on the cross. A break of the Bear flag down targets...

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$GBPUSD- Breakout?

Currently the cross is @ 1.5530 after breaking out of the bear flag and going nowhere. The Cross is showing some signs of heading north although we are still clearly in a downtrend. A test of the 1.5553 and a break there look...

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$NZDUSD- Breakout?

Currently the cross is @ 0.7632 after putting in the bottom. The Cross has continued unabated to the north and is just about the .500 Fibo. Due to this unabated run and the 50% retracement we could still have another run to the...

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$GBPUSD- Decision?

Currently the cross is @ 1.5524 after putting in the bottom. The Cross has built an inverse head and shoulders pattern which is bullish but we could still have another run to the bottom at or near our current spot. Our next...

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$EURUSD- flag?

Currently the cross is @ 1.3190 after breaking through to the S5 target. The Cross is building a bear flag which is bearish but could still bounce here. Our next lower target is the -.270 Fib extension @ 1.3100 (big...

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$EURUSD- bounce?

Currently the cross is @ 1.3243 after breaking through the S7 target and the descending wedge. The Cross could still bounce here or at the double bottom @ 1.3200. Our lower target is the support @ 1.3151. A bounce would target a...

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