25Mar

Week of March 25, 2009

EURUSD’s 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 the  the fall from the December 18, 2008 high of 1.4718, this wave is complete at 1.2455 with prices […]
23Mar

Week of March 23, 2009

EURUSD 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 high holds, as prices will then move within the 1.2945-1.3248 consolidation zone before another attempt to the upside.  As to the medium […]
20Mar

Week of March 20, 2009

EURUSD’s medium term impulsive wave from the December 12, 2008 high of 1.4718 is complete at the March 4, 2009 low of 1.2455 as yesterday’s daily open and close above 1.3319 confimed completion of the above mentioned wave with prices currently trading within the 1.3319-1.3854 consolidation zone. Now that daily prices have closed within the 1.3319-1.3854 consolidation zone, a […]
19Mar

Week of March 19, 2009

EURUSD ‘s daily close on Wednesday of 1.3487 was the highest daily close since January 8, 2009 and has moved the pair within the previously sited 1.3319-1.3854 consolidation zone. However, prices will need to close today above 1.3319 to complete the fall from the December 18, 2008 high of 1.4718 at 1.2455, but to firm […]
18Mar

Week of March 18, 2009

EURUSD found support yesterday ahead of the 61.8 of the 1.2833-1.3070 rise at 1.2924 as prices will continue to move higher towards the 78.6 of the 1.3328-1.2455 fall at 1.3141. A daily close above 1.3141 will see further price extension towards the January 21, 2009 high of 1.3328.  As previously mentioned, a daily open and close above 1.3319 will complete the fall from the […]
17Mar

Week of March 17, 2009

EURUSD’s short term corrective rise from the March 4, 2009 low of 1.2455 remains active as only a daily close below 1.2835 will complete this rise while 1.3070 holds, as prices will then move within a 1.2690-1.2835 consolidation zone before another attempt to the upside.  However, once prices have closed within the above mentioned zone, any sustained […]
12Mar

Week of March 12, 2009

EURUSD’s short term fall from the February 23, 2009 high of 1.2990 is complete at the March 4, 2009 low of 1.2455, as prices reached 1.2871 during today’s Asian session, just 5 pips shy of our 1.2876 target sited in our March 10, 2009 update.  The short term corrective rise from yesterday’s 1.2616 low remains active as […]
10Mar

Week of March 10, 2009

EURUSD’s short term fall from the Februry 23, 2009 high of 1.2990 remains active as only a 2 hour open and close above 1.2659 will complete the fall while the March 4, 2009 low of 1.2455 holds, as prices will then move within a 1.2659-1.2786 consolidation zone before another attempt to the downside. Once prices have […]
10Mar

Week of March 10,2009

Dow Jones Industrial Average short term fall from the February 6, 2009 high of 8,315.07 remains active as ONLY a daily open and close above 7,147.78 will complete this fall while the March 6, 2009 low of 6,469.95 holds.  A daily open and close above 7,147.78 will see prices continue to move higher within a 7,147-7,6102 consolidation […]
09Mar

Week of March 9, 2009

EURUSD’s fall from the December 18, 2008 high of 1.4718 remains active as ONLY a daily open and close above 1.3319 will complete this fall while the March 4, 2009 low of 1.2455 holds. A daily open and close above 1.3319 will see prices continue to move higher within a 1.3319-1.3854 consolidation zone before another attempt […]

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