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Good afternoon traders! I hope everyone had an enjoyable weekend and is ready for some big market movement coming in the next few weeks. We had early suspicion of EURUSD forming a bearish butterfly on the daily chart and it seems that it is working its way to confirm this. Current levels put EURUSD at 1.0965-75, bouncing around without much drastic movement. We...

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Alright traders - we are going to take you back to the KISS method... Keep it Simple Stupid. Post NFP data, we saw a nice increase in the greenback, causing the EURUSD pair to drop. Coincidentally, the new bar formed lines up with the major April Support. We are going to keep this chart real simple - any breaks below 1.0850 are suggestive of further decline...

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As we all know NFP data is to be released at 0830 EST. Previous July data puts NFP at 254K and Chariman Yellen stating that they will not raise rates until more evidence of economic improvement. The Four Week jobless claims has dropped to 268K, ISM's Employment section has risen, and continuing claims continues to decline. There are the possibilities of no rate...

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Happy Monday to all the Traders! For those that were unable to collect this morning (EST) on the upward trend that continued to be formed last week, we may see another option to gain a high amount of pips. Today's high seems to match the downtrend resistance line formed from the June 22 high, possibly implying that we have met our highs and shall be proceeding...

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We have retraced the lows back from March, April and our most recent testing of the 1.0815 mark. While short term trends may be looking bearish, we are possibly looking at a quick reversal within the next few weeks. Fibonacci retracement from our June-high shows the first target we're keeping an eye on lands at the 1.09475 mark and then should a close occur...

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07/21/15 UPDATE: Right on the Money! Trend continues to follow through the pitchfork as mentioned in my previous posts. Keep an eye on the 1H highs and the slopes starting from July 14; the slopes are gradually becoming more positive. At this point, we can expect bullish movement toward 1.0925 right in time for our US CPI data release at 0830 EST, at which...

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I previously charted a pitchfork showing the bearish trend of the EURUSD, with its peaks matching up perfectly within specified zones. It seems today's movement was as predicted and in line with our estimates of staying in the 1.087 region. At this point, we are expecting a slight rebound up to 1.0950 before the US Building Permits and CPI data is released...

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Anyone else see the wedge formed after the most recent drop? I would guess we're likely to see one last movement toward 1.11 with tomorrow's ECB Meeeting and then a drop after during the US Conference. Temporarily holding a LONG from 1.0935, keeping an eye on anything above 1.10. Should price continue the bearish movement, we'd expect to see the support tested...

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Seems the general trend that EURUSD has been following is a negative linear trend. We've been expecting this bearish movement for some time now, but the bars are finally starting to come into place. After the recent MoM (US) news announcement, we saw a quick jump to 1.1085. What does everyone think about the pair and staying in this zone? It seems any movement...

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Quick look at the chart shows all the trend points plotted based off of the highs and lows. The blue solid line signifies the current trend from this week and it appears that the pair has met the predicted HIGH of 1.11324. Based off previous charting, the only other direction for this pair to head is down (Bearish) to approximately 1.10300 and touch the low trend.

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The EURUSD has shown constant persistence when approaching the 1.11 levels. During this past week, we've seen several instances of surpassing the 1.11 mark, and often times even closing above. The real resistance that we are seeing is is above the 1.1110 range; there hasn't been a single close above (although it has been tested). The current rate seems to be...