As of this morning, the UPTREND read in the EURO(FX), which was initiated July 06, is now +700 points. The size of the TRENDBODY is now large enough to survive a substantial COUNTERTREND move. After all, Proprietary Stochastics do indicate an overbought condition.
Good day euro fans! Now, if you’re one of the lucky ones who are still long on the euro then yesterday was your lucky day as the EURUSD pair surged by more than 200 pips! The EURUSD opened at 1.4957 and closed at 1.5163.
Good day forex peeps! Here’s an update on the cable or the GBPUSD pair which I last posted on June 17 (kindly see my previous entry here). Contrary to what I thought would happen, the sterling pound had risen against the odds and had broken several significant resistances during the past two weeks to place itself above high ground.
Hello once again forex fans! Earlier today, I presented the recent price action of the Aussie-USD pair. Now, it’s the Kiwi’s turn to be on the spotlight. On this canvas is an update of the NZDUSD pair which I posted yesterday (kindly click here to see my blog yesterday).
Good day forex people! Here’s an update of the AUDUSD pair which I posted back on June 22 (click here to see my previous entry). Anyway, the Aussie bullish run was cut short last night due to a slide in the global equities markets. The Aussie skidded from 0.8709 to settle at 0.8463 against the greenback in yesterday’s bloodbath.
Hiyo FX fans! On this post is an update of the NZDUSD pair which I posted on June 22 (kindly click here to see my previous entry). Now, perhaps you are asking what’s up with my title. Well, it’s exactly what it is cause if you check out the 4-hour canvas of the pair, it has since consolidated within a rectangle or a box after breaking out from a double bottom and a symmetrical triangle.
Good day forex peeps! Here’s an update on the USDCHF which I published back on June 21 (kindly check my previous post here). As you can see from its chart, the pair has continued to drop and has even slipped past the 61.8% Fibonacci retracement level that I drew.
Hello peeps! I haven’t much about the EURJPY as of late so here it is now. On its daily canvas, you can see that it has failed to move past the resistance around 113.40 for the last couple of weeks. Interestingly, this mark happens to fall in line almost perfectly with the 38.2% Fibonacci retracement level that I drew. Presently, the pair is trading around 110.00.
Hello Forex peeps! Here’s an update of the EURCAD that I posted last June 10. As you can see, the pair continued to slide along a nice descending channel which began November of 2009. As I have mentioned in my previous post, the pair indeed rallied a bit after marking a new 2010 low of 1.2447.
Like the NZDUSD pair in my other post today, the AUDUSD had also broken out from a double bottom formation. After doing so, it then consolidated within an ascending triangle before moving north again. And like the New Zealand dollar, the Aussie made a runaway gap over the dollar as well to start this week’s trading.
