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FX:GBPUSD On the 1 day time horizon, it's decision time for this pair as the price action continues to erode in the lower quadrant in the direction of it's support line at 1.2885, set previously in early July. A reversal could could happen at any time if there is a sudden bullish movement in other commonwealth pairs : AUDUSD, EURUSD, NZDUSD, or weakening...

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FX:EURUSD On a 4 hour time frame this pair maybe readying to push higher after a week of steady gains placing it in the upper quadrant & in position to retake last weeks highs at 1.1235. Despite being unable to hold Friday's gains, this pair was dragged down due to other cross pair weakness, namely GBPUSD & AUDUSD. The Yen continues to show strength which...

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FX_IDC:EURUSD Last week on the 4 hour time period we saw the EURUSD give up earlier gains made in the prior week & consolidating at the bottom range of the UPPER QUADRANT matrix. From an earlier high level of 1.1215, price action eroded towards the 1.1082 level, & USD bulls maybe set to push the EURUSD into the LOWER QUADRANT matrix, below 1.1082 level, in search...

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FX:EURUSD The inability of the EURUSD to rally above 1.1103 after trying multiple attempts is a concern here. Everything looked OK up until June 20th when it broke down through the rising trendline only to reverse upwards but failing to stay above that trend line. The weekly price action since then has been one of erosion as can be seen by the purple downward...

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FX:EURUSD From a weekly perspective, the bears appear to be in control on the EURUSD, but a resting corrective period in the low 1.0479 area would be the ideal preparation for an up-move towards 1.15068 area, near the highs of last May. A near term pullback would be very healthy for this pair. The skeptics may declare a bearish "double-top", but my view is that...

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FX:EURUSD [/symbol The USD/CAD has declined as much as 176 pips last week, and this was attributed to Draghi news on monetary policy. Now that the news has been flushed out, traders maybe getting ready for a bounce. With 1.1214 now acting as daily support traders looking to join the trend may elect to place entry orders beneath this value. Should a bounce occur,...

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FX:EURUSD Something is holding down the eurusd even after Friday's bounce failed to to carry over into Monday's session. What caused the bounce on Friday was not just the weakening numbers in US labour report , but rather a sudden flush down in price for the USDJPY pair, pushing it to rechallenge the lows made in early March. A breach below 105.75 for USDJPY will...

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FX_IDC:EURUSD An unexpected USDJPY retracement causing a EURUSD revival since last night. Again, who turned on the buy programs ?

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FX_IDC:EURUSD ...and painful.

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FX_IDC:EURUSD Price action retracing nicely along negative slope trend line, nearing support level at 1.1366. A breach below this level could be caused by the continuing bear raid party action in the commonwealth cross pairs : namely USDCAD & AUDUSD, & reinforcing the risk off environment. However, what could reverse this retracement is a higher price movement in...

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FX:EURUSD Price action appears to want to break out of the upper trading range set back in May 2015, but it's inability to push through above 1.1463 is a concern here. The rising trend continuation seems awfully similar to the technicals set in late October of 2015, wanting to breakout only to reverse harshly lower. Same set-up here ? Furthermore, the other...

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FX_IDC:EURUSD A bearish double top pattern has emerged where the double top marks an uptrend in the process of becoming a downtrend. This is seen on the daily interval marked by both twin peaks of February & mid March trading sessions. A possible retest of bottom lows is expected, first at the 1.1017 level, a failure to hold above that level would see pricing...

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FX:EURUSD This is how I see it on the weekly interval. Direction continuing to move along the upward slope trend line. Although range bound since August 2015, an important resistance is seen at 1.1366. Look forward to retest, followed by upward breakout. Could get interesting in the spring...

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FX:EURUSD 2 HR price direction continues consolidation pattern after a nice run up 2 weeks ago. Direction seen revisiting it's lows and challenging it's support levels, seen at : 1.1070, 1.1027, 1.0979 & 1.0868. However, buyers can try to push it back up towards 1.1212 resistance.

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FX_IDC:EURUSD A possible reversal is in the making as price direction failed to breach and hold above the long term downward trend line connecting peaks at 1.1215 to 1.1470 on the daily time interval. After a spectacular bounce last week, we may see exhaustion take place, coiling reversal back to previous resistance line at 1.1030, and officially becoming a...

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FX_IDC:EURUSD Something has changed & it's effect of a rising USDJPY putting downward pressure on EURUSD. In a riskon environment, next support lines are : 1.0807 & 1.0729. On the other hand, the real price of EURUSD is the range between 1.0729 to 1.0973 until further notice.

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FX_IDC:EURUSD Upward bias on 2HR time frame as price direction continues to strengthen along upward sloping trend line, connecting yesterday's trough with today's. Watch for upward breach of next sloping trend line, intermediary, along 1.0920, taking pricing into upward area of 1,0979. Reversal seen taking out long stops at 1.0880 & deeper at 1.0860 & house...

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FX:EURUSD Price direction continues to oscillate inside channel range of 1.0807 & 1.0973. A new upward trend line has emerged identified by plotting both Jan 7 & Jan 13th troughs & connecting them by a trend line. Set up for a possible reversal to retest the downside before continuing it's upward trajectory towards next resistance of 1.0973 followed by 1.1027.