11Sep

Week of September 11, 2008

EURUSD continues to move lower reaching 1.3931 during Asia session earlier today. The fall in the EURUSD has been relentless as we had forecasted such a fall in our August 12, 18 and August 21 updates, but even as far back as our June 25, 2008 update we had identified chart patterns which favored such […]
10Sep

Week of September 10, 2008

We were spot on with our EURUSD intra day outlook yesterday as prices moved to the 38.2% of the 1.4427-1.4047 fall, as was our forecast, then falling back below 1.4100, with prices currently in a consolidation phase with a slight upward intra day bias as of this writing. Our outlook remains unchanged, as we continue […]
09Sep

Week of September 9, 2008

EURUSD reached 1.4047 yesterday, a few pips shy of our previously mentioned 1.4014 objective. We continue to favor rallies as selling opportunities and currently look for an intra day corrective move towards 1.4192, as we are targeting the 38.2% of yesterday’s 1.4427-1.4047 fall. The 38.2’s have consistently limited the corrections as will often be the […]
08Sep

Week of September 8, 2008

EURUSD continued to move lower last week as was our forecast, reaching 1.4194, well beyond our 1.4358 initial target sited in our August 12, 2008 update. Last month saw an unprecedented move lower in the EURUSD, as the pair dropped over 10 handles during the month of August and closed near the month’s lows. Never […]
05Sep

Week of September 5, 2008

EURUSD continues the dramatic move lower as was our forecast in the August 12, 2008 update, reaching 1.4212 during Thursday’s late US session, well beyond our 1.4358 initial target. EURUSD’s intra day fall will be complete at 1.4212 should prices close on a 1 hour basis above 1.4338, as the intra day outlook will then […]
04Sep

Week of September 4, 2008

EURUSD reached a low of 1.4385 yesterday, just a few pips shy of our 1.4358 target sited in our August 12, 2008-8:00 GMT update. Nearterm, EURUSD is in a intra day corrective phase from the August 21, 2008 high at 1.4909, as a daily close above 1.4585 will complete the near term fall at yesterday’s […]
03Sep

Week of September 3, 2008

EURUSD’s continues to move lower with our previously sited 1.4358 as the initial objective. A weekly open and close below 1.4358 suggest prices will continue to move lower with 1.3840 and 1.3321 as the objectives into the week’s ahead. Continue to use rallies as selling opportunities for the above sited objectives. Please refer to our […]
02Sep

Week of September 2, 2008

EURUSD’s has reached an intra day low of 1.4482 as of this wriring as we are short at 1.4556 with the pair likely to continue to move lower targeting the 38.2% of 1.1642-1.6037 rise at 1.4358. Intra day, look for prices to remain below 1.4553, as a break here will suggest further rise towards 1.4570 […]
28Aug

Week of August 28, 2008

EURUSD currently trades within the 1.4679-1.4779 consolidation zone from the 1.4909-1.4570 fall, as a sustained break of this zone will see prices continue into the direction of the break. As to the medium term fall from the July 15 high at 1.6037, this wave remains active as only a daily open and close above 1.5130 […]
27Aug

Wee of August 27, 2008

We are witnessing a correction in the US dollar pairs at this writing as EURUSD’s fall from Friday’s 1.4909 high is complete at yesterday’s 1.4570 low, as prices are likely to trade within a near term 1.4679-1.4779 consolidation zone before another attempt to the downside. However, the more important short term fall from the August […]

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