Current price action seems to be following the slope of this modified Schiff Median Line set. Has it found support yet? I don't think so, as the potential buyers would have a problem with placing their stops here, so I expect a further decline. The CHF continues to be very weak and its momentum is now flagging. The JPY is doing quite well, it is strong and gaining...
This is a big picture scheme about the State of Play with regard DAX. When trading on a daily basis, we may forget the big picture. As a reminder, if one look at the last 5 years, DAX did classical move, even when you do include the crises period. The very mechanical move of DAX suggest that The level of Pre Crises was a resistance. After the crises, and with...
It looks like the EURUSD has drawn a bearish Flag. If the price will break 1.3752 I expect a continuation of the down trend.
Price is moving in a down channel and is quite likely going to hit the lower border, possibly at the level of 1.46000. The EUR is currently relatively weak, but also oversold, so some correction, sooner or later, should be taken into account. The AUD continues to dominate the fx markets in terms of relative strength, but has to be treated with caution due to its...
Stepping back from the shorter time frames, I wonder if this will play out???? For further explanation, refer to: stockcharts.com
We are pushing out the actual downtrend. Sign of reversal or just starting a new downtrend ?