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EJ and the bear flag

EurJpy has bounced off the bottom of the bear flag and should have a short move up be fore resuming to the breakout. Will look for sellers at the S7 124.51 area to head south again. Targets are 119.96 and...

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EURUSD H&S? or 5th wave?

We are getting mixed signs from the EURUSD. On the one hand we could be starting a 5th wace down once we break through the current channel. On the other hand we could be building a Head and Shoulders for a move up. A little...

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EURUSD hit the trendwall @ 1.3669

If we hit the trendwall @ 1.3669, we should see a move off of it down. Market is playing with us right now but the technicals say we should continue down. first pulse should take out the 1.3594-.3586 former support and a break...

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EURUSD Head and Shoulders possible

As noted yesterday – we have to potential for this down move to be over now that the EU is comitted to helping Greece. If so we have just finished the head part. Today is a square up day so that could set it in stone, BUT...

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EJ bear Flag

EJ has a big target down at the 116.84 area. Break of the bear flag might want to consider staying...

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STSP Commentary 2/8/10

Hello Traders, After Friday’s NFP report, the markets are taking the start of the week to consolidate. The questions are: 1) Is it time for the USD Bull run to take a breather and allow for a bit of a retracement? 2) Or,...

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