19May

Week on May 19 – May 23, 2008

EURUSD was essentially range bound last week as suggested in the May 11th weekly update, as the weekly chart is nearing confirmation for a buy with 1.6173 as the objective. However, a weekly close above 1.5650 this week is needed to confirm as the next targets would be 1.5737, 1.5844 and 1.6173. Following a weekly […]
06Mar

Week of March 6, 2008

EURUSD fall from the February 23, 2009 high of 1.2990 remains active as only a daily close above 1.2659 will complete this fall while 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 closed on a daily basis within the above mentioned zone, a sustained break […]
25Feb

Week of February 25, 2008

EURUSD has sustained above descending trendline support from the December 29, 2008 high of 1.4363, which comes in today at 1.2663, as this level limited yesterday’s fall favoring a move higher in the days ahead.  Additionally, minor trendline resistance from the January 28, 2009 high of 1.3328 comes in today at 1.2828, with prices currently trading at 1.2845, as hourly studies favor further […]
20Jan

Week of January 20, 2008

GBPUSD remains offered with the June 2001 low of 1.3682 as the next objective. This target was sited in our August 26, 2008 outlook (please read)  as the eventual target based on our broad view remains 1.3682. As to the broad view,  the fall from the September 21, 2008 high of 1.8666 remains active as […]

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