04May

Week of May 4, 2009

EURUSD continues to consolidate the medium term rise from the March 4, 2009 low of 1.2455 and the March 19, 2009 high of 1.3735 as a daily open and close above 1.3433 confirming the rise has once again resumed with 1.3854 as the next objective.  As to the downside, prices will need to open and close below […]
24Apr

Week of April 24, 2009

EURUSD remains in a medium term consolidation pattern of the 1.2455-1.3788 rise, as only a daily open and close above 1.3248 or below 1.2890 will complete this pattern and see further price extension in the direction of the break. As to the intraday outlook, prices will continue to move higher with 1.3248 as the next objective while 1.3100 should limit any downside […]
20Apr

Week of April 20, 2009

EURUSD corrective rise from the March 4, 2009 low of 1.2455 is complete at the March 19, 2009 high of 1.3738 with prices currently trading within the 1.2945-1.3248 consolidation zone.  A daily open and close outside this zone will see further price extension with 1.2730 as the next downside target. As to the short term […]
14Apr

Week of April 14, 2009

EURUSD’s intraday rise from 1.3125 remains active as only a 2 hour open and close below 1.3289 will complete this rise while yesterday’s 1.3391 high holds.  As to the medium term fall from the December 18, 2008 high of 1.4718, this fall is complete at the March 4, 2009 low of 1.2455, with prices currently trading within […]
09Apr

Week of April 9, 2009

EURUSD rise from the March 4, 2009 low of 1.2455 remains active as ONLY a daily open and close below 1.3248, while the March 19, 2009 high of 1.3738 caps, will complete this rise with prices then moving within a 1.2945-1.3248 consolidation zone before another attempt to  the upside.  As to the short term fall from […]
06Apr

Week of April 6, 2009

EURUSD remains in a complex corrective structure of the 1.4718-1.2455 fall as prices risk further rise to 1.3854 before another attempt to the downside.  ONLY a daily open and close below 1.3097 would eliminate any medium term risk to the upside with prices then likely to continue lower initially towards 1.2945.  As to the short term outlook, EURUSD […]
03Apr

Week of April 3, 2009

EURUSD’s short term active wave from the March 19, 2009 high of 1.3738 is complete at the March 30, 2009 low of 1.3114 as prices have moved within the 1.3352-1.3504 consolidation zone.  Now that prices have moved within the above mentioned zone, a sustained break outside the 1.3352-1.3504 zone will see further price extension in the direction […]
01Apr

Week of April 1, 2009

EURUSD’s corrective rise from the March 4, 2009 low of 1.2455 is complete at the March 19, 2009 high of 1.3738 with Monday’s daily open and close below 1.3248.  Risk for further intraday downside extension remains while the 38.2 of the 1.3738 -1.3113 intraday fall at 1.3352 caps.  Above 1.3352 intraday will see further rise towards 1.3425 while sustained […]
30Mar

Week of March 30, 2009

EURUSD intraday fall from Friday’s 1.3591 high has reached 1.3181 during today’s Asia session, with a daily close below 1.3248 today confirming the corrective rise from the March 4, 2009 low of 1.2455 is complete at the March 19, 2009 high of 1.3591. A daily close today below 1.3248 will see prices continue to move lower within […]
27Mar

Week of March 27, 2009

EURUSD’s short term corrective rise from the March 4, 2009 low of 1.2455 remains active as ONLY a daily open and close below 1.3248 will complete this rise while the March 19, 2009 high of 1.3738 holds.  As to yesterday’s intraday fall from 1.3640, this wave is now complete at yesterday’s 1.3493 low with prices currently trading […]

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