Author: NULL

We have retraced to the former support by building a bear flag  – a bearish sign.  Yet at the 60 minute level we are building a consolidation channel which is bullish. IF the cross breaks north we are targeting...

This last leg of the flag is unsustainable and the cross is respecting the trendline.  This is the 3rd strike on it and should come down to the heartline @ 0.8400 area before making a decision.  We are still in a...

As noted yesterday- if the cross broke north consider it a bear flag which it did.  Looking for Resistance at the .786 fib retrace @ 0.8426 or the .618 @ 0.8352 for a move down to 0.8268. Lower target is the S5 @...

Ozzie ( and many others) are stuck in a range. The Ozzie is in a bearish rectangle so the higher probability is a move DOWN to the S6 @ 0.7914. Should it break north look for the 0.8291 which would then change this to a bear...

The EURJPY has broken out of it’s bear flag. Initial target is the 108.00 area which is the previous bottom. Then the 107.28 – S6 and finally the -0.270 fib extension @...

REMEMBER: THIS IS BIG PICTURE ONLY – NOT INTRADAY! Please NOTE!!!! This is an opinion only! Continued risk aversion likely leads to additional US dollar strength, especially against commodity currencies. CLICK ON IMAGES TO...

The jobless rate fell to 9.7% last month, from 9.9% in April, the Labor Department said. If the USA can’t grow, then the EUROZONE can’t grow and the EURUSD is showing that.  As suggested in a previous post once...

Yesterdays correction did not alter the descending wedge on the cross so is still bearish. A break of the wedge should provide a move to the -0.270 fib extension/S6 @ 1.2063 area. Nice Big target is @ 1.1789 for the future @ the...

The EURUSD in a nice descending wedge which is a bearish sign for the cross. It is curently sitting on the S8 of the whole move down @ 1.2210. There is a chance that we could bounce as high as the 1.2500 area before resumption...

We are at a critical level as we approach the 0.8297 area.  A breakout south here would target the S5 @ 0.8164 with further follow through to the 0.8082.  Deep targets are at the S8- ...