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Author: NULL

$USDCAD –wedge?

Currently @ 0.9861. The cross  has  continued to move in the  downtrend but getting squeezed by the wedge.  There is  strong support at the 0.9850 which could easily be a bounce point and currently...

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$AUDUSD –upward bound?

Currently @ 1.0503. The cross  has  continued to move in the  uptrend and currently showing a bull flag on the lower time compressions which is also bullish for the cross.  Targets up are: The R6 resistance...

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$USDCAD –breakdown?

Currently @ 0.9853. The cross  has  broken out of the up trend line and testing the 1.618 Fib Extension on the break down.  Targets down   are: The support at 0.9806 and the S2  @ 0.9792.  A...

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$GBPUSD –tests the top?

Currently @ 1.6568. The cross  has  broken out of the bull flag to the upside and testing the former top .  Targets up  are: The resistance at 1.6624 and the R6 /4.236 fibo extension @ 1.6725. Should the top...

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$USDCAD –break ?

Currently @ 0.9865. The cross  has  broken out of the descending wedge to the upside which is bullish.  Targets up  are: The resistance at 0.9931 the 1.000 parity number and the R6  @ 1.0017. Should the...

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$EURUSD breaks out

$EURUSD breaks out Currently we are at 1.4467 and have just broken out of the Day chart trend line to the north.   The target is the  1.618 Fib extension @ 1.4576 with a major resistance just in front of it. ...

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$EURJPY –breakdown?

Currently @ 110.83. The cross  has attempting  to break down out of the uptrend.  It  is sitting on the .382 Fibo and the S2 as well. Targets down are the .500 fibo @ 109.79 and we have consolidated here...

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$GBPUSD – rectangle break?

Currently @ 1.6323.The cross  has just broken out of a rectangle pattern which is bullish short term.  We are looking for a break to the 1.6385 area ( resistance, .786 Fibo and the R6). Targets down are the...

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