Interesting story on the monthly EURUSD! Looks like any less than worst case outcome for Greece would prop up the pair to about 1.1850 in a few months
There is a bit of a trend reversal seen in all USD crosses. I do not think the overall trend is reversing but there definitely seem to be a corection on the way. USDJPY short here targeting 103.02 level Cheers
Needs to be handles with care though and one needs to be careful not to jump the gun. While EUR weakness is supported by fundamental factors, GBP, in short term at least, could itself be subjected to weakness in the absence of any decisive direction from BOE. Watch and get in if the price supports our point of view. Cheers
USDJPY has broken out of a wedge nicely. It's best to wait for a bit of a pullback to get in. Ride it till 105, the short term target. Cheers
GBP has been held hostage to Mark Carney's flip flops over last few months. One day the rates are going to rise Q4 2014, next they won't be till mid 2015. Today UK releases CPI data that will be closely watched. A less than expected CPI number could break the back and send the pound 300 pips down to 1.6350 Currently, the pound has retraced to 61.8% level which...
It's always difficult to call a top in uncharted territory or see how long the trend will hold. The S&P index has been in a beautiful trend for quite sometime now and, as with any trend, new entrants may become increasingly more anxious of getting in too late. From the very simple analysis here, it looks like the index has some way to go before one needs to...
Gold presents very interesting pattern on daily charts. There is a clear pennant formation on a downtrend. Pennants are continuation patterns. So a break to the downside could take this down to 1150 levels relatively shortly. There are fundamental aspects that would support this move too. With the US on mend and Euro area in tatters, strengthening on USD would be...
This is a follow up on the monthly chart posted recently. In this daily chart we see that the short rally may be looking for breather here. It's best to wait for our at this point. I would take a short position when the pair gathers enough steam to take out 1.3300 on the downside. So the idea is to enter short when the price gets to our entry point at 1.3280....
Hi people, It's been a while since I was here last. I like the look of the place and plan to stick around for a bit. Right..A fairly rudementary analysis to start with. We have a EURUSD monthly chart here going back all the way to the beginning! Given that the fundamentals are stacked heavily against EUR, I am expectting some weakness to materialize in this...