Author: NULL

Market has created a sloppy looking bear flag – but flag it is.  So looking for continued bearish bias.  A break of the flag at 1.3167 should produce continued movement to the 1.3086 ( HSI TARGET S6).

REMEMBER: THIS IS BIG PICTURE ONLY – NOT INTRADAY! Please NOTE!!!! This is an opinion only! SPECIAL NOTE: http://tinyurl.com/2bsrhoj CLICK ON IMAGES TO ENLARGE ——————————————————————————– EURUSD WHAT I SEE: We continued...

As noted the last few days we have been tracking this cross.  It has taken out our projected target (R4) and now follow through with the great home sales # should propel it to the 95.54 area with further targets at 94.78.

The Existing Home sales came in at 5.35 million annualized rate. This was higher than the 5.29M expectation. The Month supply fell to 8.0 months from the surprise 8.5 month supply last month.  That continues the pressure on the...

USDJPY has moved past the R3 and trying to keep it’s head up.  93.40 is proving to be a tough top to take out.  If we do get a break – look for the R4 @93.92.  A break south of the trendline would target the 92.50...

A strong break to the upside has occurred and we have also taken out the .500 fibo from the 240 swing high/low of the last leg.  Follow through should get us to the 93.51 area with further upside targets at 93.99.

REMEMBER: THIS IS BIG PICTURE ONLY – NOT INTRADAY! Please NOTE!!!! This is an opinion only! SPECIAL NOTE: None this week CLICK ON IMAGES TO ENLARGE ——————————————————————————– EURUSD WHAT I SEE:  Markets are so skittish...

EU can cover the price gap which was achieved previously, we expect today that the pair will touch the support level at 1.34800 then bounce to the level 1.36250.  If we stay bearish due to squaring up,  further targets are at...