There was a bit of early activity in the EUR/USD after a weak close in NY at 1.3000. Two big European players tried to trigger stops below 1.2960 but were thwarted mainly by Sovereign bids at 1.2965/70. The market jumped... (Continue reading)
The Forex market came back to full force this week and drove the USD in anticipation of better economic form the US, the most important one being the Non-Farm payroll. The market stalled before this important release for the USD... (Continue reading)
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in...... (Continue reading)
Comment: The large and highly unusual ‘broadening triangle’ has propelled prices to our first measured target at 1.0200. From overbought the RSI is now neutral so we shall hope that the 9-week moving average and trendline support hold. Allow for... (Continue reading)
EUR/USD Final push through key 1.2968 support has so far seen 1.2934, ahead of 1.2920/18, Aug/Sep 10 highs and 1.2795, 61.8% retracement of the broader 1.1875/1.4280 uptrend. Bounce higher is for now seen capped by 1.3054/80, while lift above 1.3130/70...... (Continue reading)
EUR/USD Current price: 1.2969 View Live Chart for the EUR/USD Despite US employment data did not meet expectations, as the economy “only” created 103K new job positions against 150K expected, previous month number was revisited to the upside, while...... (Continue reading)
$GBPUSD NFP Targets Look to short the cross on NFP if the numbers come out in that direction. We broke through the descending wedge and pulled back to the 1.5462 where we currently are. Initial reaction targets are the 1.5412... (Continue reading)
Comment: In super-thin year-end conditions the Swiss franc hit a new record against the US dollar at 0.9300, unwinding the move this week after a record low monthly close at 0.9345. While dramatic, and a not inconsiderable 4.3% rally, it... (Continue reading)
EUR/USD - Euro / US Dollar Entry : 1.298 Stop : 1.3015 Resistances : 1.3085 - 1.303 - 1.3 Supports : 1.2915 - 1.294 - 1.296 GBP/USD - British Pound / US Dollar Resistances : 1.555 - 1.55 - 1.5465... (Continue reading)
USD-CHF @ 0.9639/42... May dip towards 0.9600-550 R: 0.9700-25 / 0.9778 / 0.9835 S: 0.9600 / 0.9560-50 / 0.9480 Dollar-Swiss has been trading below 0.9650 since the Asian session today and we see chanc es of further dip towards 0.96-550... (Continue reading)