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Author: NULL

$GBPUSD

GBPUSD appears to be rebuilding a bull flag after reacting at the 1.6300 and the R6 resistance. The initial target for the next move down is the 1.6053 area which is the 0.382 fib retracement. When can see consolidation occurred...

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$EURUSD Breakout UPDATE-

Eurusd has come up to the 1.4015 area after the breakout north.  Currently we are consolidating. The initial target for the next move up is the 1.4100 area and the The R5.  However, further targets lie at the 1.4120...

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$EURUSD Breakout-

Eurusd has come up to the to the down Trendline and broken through. The initial target for the breakout is the 1.4014.  Expect a correction here and some squaring up as we head out in the new direction.  The Pullback...

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$EURUSD –

Eurusd has taken out the high at 1.4150 which was also strong resistance from the 08-31-09 support. We have seen the second attempt to break .1.4022 to the downside and so far it has failed. Momentum is entering to the downside...

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$EURUSD break south –

FOMC caused a spike up yesterday but we have topped out with a lower high indicating the downward move is still intact.  Currently approaching the critical area.  A break of the trendline to the south keeps the...

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$GBPUSD break south

Cable has broken out of the trendline to the downside – Should hit the .382 fib soon. The .500 fib retracement is the target after that with the S5 in confluence.  ...

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$AUDUSD break north

Ausssie broke out of the pullback trendline  – Should do a double top at the R5(0.9917) with a nice 4.236 fib extension target at 0.9963.  Close to...

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