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Author: NULL

$EURUSD Short

EURUSD is sitting near the top of the last swing high in a large bear flag.  Both are bearish for the cross. Immediate target is 1.2724 to the downside with a further target at 1.2603.  Upper target at...

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$GBPUSD Short

CAble is sitting on support ( S3) @ 1.5394. We have a nice target at 1.5302 and further target at the S5 @1.5158.  Friday is a squaring day so doubt it will make much more than the first target.

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$USDJPY Bounce?

We have a descending wedge in play on the UJ which is normally bearish for the cross, but we have tried to take out the support 4 times and not been successful due to the 83.74 bottom posted April 4, 1995.  We could see a...

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$USDCAD Breakdown

BOC set to announce on a rate change.  The technicals show a strong break from the .786 retracement.  Follow through should carry the UC to the double bottom @ 1.0340 with further targets at the 1.0300-1.0278...

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$EURUSD Break of channel

We have now broken out of the channel to the downside. We are currently sitting on the S6 sixth support from the top at 1.2729  We should see a small bounce at this level and then head to the targets at the 0.500 fibo (...

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$EURUSD Holding head up

We are in a channel to the upside. EU will probably move to the bottom of the channel before giving any clues to direction.  Looking for a bounce at the 1.2754...

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$AUDUSD Breakout

We did break out of the channel to the upside during the night and are currently above the .618 fibo.  Topside is held right now by the strong resistance at 0.9064. and the top of the channel.  Expect a small pullback...

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$GBPUSD wedge

We have consolidated inside a wedge which is bearish for the cross. The cross has tested the top 3 times but has not broken out so would expect a run back to the bottom of the wedge. Should it break out south look for 1.5463 and...

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