For trend-following bears who expect some sort of climax to the crisis threatening the Euro, the month of November as well as Week 48 turned out to be a cliffhanger. Daily Chart The chart shows us that the EURUSD has been declining since May this year. The
Read more →We had an up and down week for AUDJPY in week 27. Coming to week 28, what are the levels to look out for? Lets take a look at the H4 chart. AUDJPY H4 Mapped out 2 resistance zones in pink and blue. Pink zone – June
Read more →Overview of AUDUSD week 26: The daily chart shows a clear trendline break to go long and after weeks of bearish sentiment, the market prints a falling wedge at a strong support level that explains why the price rose to about 400 pips at closing. Anticipation for
Read more →The global financial market was visibly shaken last week (beginning 14th March 2011) due to nuclear ramifications from the earthquake in Japan, the world’s third largest economy. The NZDUSD pair was no exception. Similar to the calm seen before a storm, the pair started last week in
Read more →Last week (beginning 7th March 2011) could be dubbed the “moment of truth” week for NZDUSD as the NZ central bank announced its much-expected interest rate cut. Prior to the news, the pair remained in a tight trading range of 70 pips for 3 days. Later as
Read more →50% was the phenomenal number that featured twice in the Kiwi dollar’s downward path last week (beginning 28 Feb 2011). The NZDUSD pair began the week with a push to the high of 75.51, an upward retracement to 50% of its previous week’s descent. At mid-week, the
Read more →Week 08 EURJPY Review: Rally Halted! Our excitement last week due to our beloved EURJPY breaking out of the 5-month-old purple ED channel turned out to be short-lived; at best one and a half days! On the daily chart, we see that the break out turned out
Read more →After a range-bound month of January, NZDUSD finally broke down last Tuesday (22nd February) from the triangle pattern identified in our previous analysis. This move could be in part attributed to a devastating earthquake# that shook New Zealand’s key city, dampening investors’ confidence in its economic recovery,
Read more →Week 07 EURJPY Review: Broken Out of ED Channel! Our beloved EURJPY is certainly on a roll… It has continued its bounce in the Year of the Rabbit! On the Daily chart, something significant took place on Friday Week 07. Price broke OUT of a 5-month-old purple
Read more →$USDJPY Recap: After breakout out of the clear consolidation triangle (blue) & the ED-Channel (dotted blue) in Wk106, $USDJPY in WK107 first re-tested R1 resistance zone in the early week before continued its rise to cut through the R2 resistance zone & printed the highest level 83.97
Read more →Week 01 EURJPY Review: Disappointing Start to 2011! 2010 has come and gone in a flash. A quick glance at the monthly chart sees our beloved EURJPY attempt to find support in 2010. After a free fall in 2008 and short revival in 2009, 2010 saw our
Read more →Week 48 reached a high 1.02854 before if plummet down. Mentioned last week price must break above week 45 high in order for price to continue upward. I also said failure of that said level would suggest a short – WR! If you had watch this level
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Read more →USDJPY Recap After a drop of ~80pips in Wk41 to a Y2010 level low at 80.83, $USDJPY finally managed to stay at this level without breaking further. In Wk42 this week, $USDJPY was hovering within a swing of ~100pips ; range between 81.9 and 80.83. It seems
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