Eurodollar gapped down at the start of this morning’s session but found support from a major trend-line at 1.2915 as well as the support level from last autumn’s highs, and has bounced. It has now reached resistance from the upper channel line of the descending channel from this morning’s activity and it is possible it [...]

The pair gapped down this morning, eventually finding support at the monthly pivot at 94.40. Whilst it has since recovered and climbed back up to the 95.00 long-term support and resistance level it has not surpassed it. There is a possibility it could resume falling, but the monthly pivot needs to be breached for a [...]

The EUR/USD pair has broken out of its down-sloping channel and moved higher. A cluster of resistance stands above it at 1.3110 including the 100-day MA but if it manages to break through that then it will probably continue rising, at least until it reaches a target at around 1.3160. There is the possibility of [...]

The GBP/USD has bounced strongly from Wednesday’s lows. It has continued rallying this morning and it may go even higher eventually, reaching resistance from the monthly pivot and the trend-line at 1.5310. Apart from the strength of the rebound there are no indication’s yet of a reversal of the short-term down-trend: there are no price [...]

Eurodollar sold off yesterday reaffirming the short-term down-trend as it continues making lower lows and lower highs. It also retracted back into its descending channel after temporarily breaking out. Nevertheless it failed to break the key support level from the September and October ’12 highs. The target from the H&S top is met so there [...]

The overall trend is up but the pair is consolidating in a zone between the 96.70 highs and the 95.40 lows. It has pulled back to a trend-line and bounced yesterday and is rising in the range now. It will probably reach the range highs, and if there is a breakout above 96.70 then we [...]

We have now had a break out of the channel, although there has been limited follow-through. The bounce from Friday’s lows continues to rise slowly and there is a possibility now – since the channel breakout – of a continuation eventually up to the target at 1.3180. The price pattern stretching back over a week [...]

Although cable has been in a strong down-trend it has now met an initial target calculated from the breach of the lower border of the triangle at 1.4930, and It is possible we may see a rebound from here. Yesterday formed a hammer and today’s activity is so far bullish, although we won’t know whether [...]

Eurodollar is in a sideways consolidation with support in the 1.29s. The target for the head and shoulders top has pretty much been met so it is possible a reversal could develop, with a definitive break above 1.3055 signalling a breakout from the channel and possible resumption of mid-term up-trend and initial target at 1.3133. [...]

The USD/JPY pair rallied up to the monthly pivot at 96.25 where it encountered stiff resistance and backed off. It has rolled over this morning and it could pull-back further before plateauing, possible to 95.00 or the 94.00-94.50 region if strong. The up-trend, however, is strong and bulls remain in control so a resumption of [...]