• USDJPY at 11 Month High - 8550 in Focus

    EURUSD -The EURUSD may be breaking down in wave C (or iii) within the bear leg from 13485. Objectives going forward are 12970 (low) and the 100% extension of the 13485-13096 decline at 12900. 13165 is short term resistance.
  • Forex Ichimoku Report July 19th

    EURUSD - 1st Since 2009The EURUSD has done something it has not done since Dec. 2009 - have its1st weekly close above the 20ema.  This is significant as it has doneit with style posting 5 weekly gains out of the last 6 so we areexpecting this to continue.The falling Kijun is up next for the pair an...
  • EUR/USD - Daily analysis and trading strategies 6-16-10

    The euro is well bid, holding gains near the 1.2365 resistance formed by the 61.8% retracement of 1.2670-1.1875. Short-term sentiment remains bullish and more upside action seems likely and support could limit losses in case of a pullback into the 1.2250/70 region. Below that - next support comes at 1.2150/70 which was a key barrier on both sides for 4 weeks. If 1.2365 breaks - then 1.2670 could be next objective. However, keep in mind that current euro's recovery is driven by a lack of bad news...
  • Ichimoku Report May 3rd

    EURUSD - Shot Down by the Kumo, 1.3000 in its sightsAfter kissing the kumo (which ended up being a kiss of death) the pairhas sold off 3 straight weeks and found much lower ground.  However theprice action has been finnicky with the pair finding plenty of downsiderejections with the last 7 down-clo...
  • Ichimoku Report April 26th

    EURUSD - Dueling Swords Plays out, Now What?As we talked about last week with the dueling swords formation, the pairhas played out its expectation by returning back to the lows and evengoing a little bit further.  After rejecting off the Kumo bottom, thepair has sold off making new lows last week s...
  • Ichimoku Report Mar. 22nd

    EURUSD - Moment of Truth?After 4 weeks of probing the 1.3500 big figure, the pair rebounded twoweeks ago with an impressive climb and its first since Jan. 8th of thisyear.  And what did it follow it up with last week?  An outside reversalbar to close a hair above the 1.3500 handle.  With the forc...
  • Ichimoku Report Mar. 22nd

    EURUSD - Moment of Truth?After 4 weeks of probing the 1.3500 big figure, the pair rebounded twoweeks ago with an impressive climb and its first since Jan. 8th of thisyear.  And what did it follow it up with last week?  An outside reversalbar to close a hair above the 1.3500 handle.  With the forc...
  • Ichimoku Report Mar. 15th

    EURUSD - Short term base in placeAfter now 5 failed attempts to close below the weekly Kumo and 5rejections with the last one forming a higher low, there appears to be ashort term base in on the pair at 1.3500.  To note the pair has yet toon a weekly and daily basis close below 1.3500 so there is s...
  • Ichimoku Report Mar. 8th

    EURUSD - Are the Bulls Getting More Confident?After 4 weeks trying to close below the weekly Kumo and 4 attempts to close below the 1.3500 big figure, are the bulls finally getting more confident they can hold the downside here?  This is an intriguing question as the pair did make a slightly higher...
  • Ichimoku Report March 2nd

    EURUSD - Stubborn as a MuleTo date, the pair has yet to close below the Kumo and has now posted 3 weeks of rejection from the 1.3500 level.  There are obviously buyers willing to challenge the seriousness of this downmove and are staking claim here at the 1.3500 level.  There has been several intr...
  • Ichimoku Report Feb. 16th

    EURUSD - holding onThe pair has had two downside rejections to break the weekly Kumo but yet upside price action has yet to become strong enough to make a case for a real reversal being attempted.  This could either be some profit taking in the short term before new positions build to the downside,...
  • Ichimoku Report Feb. 8th

    EURUSD - Only the Bottom of the KumoAs stated last week;The pair fell as expected to 1.3850 just 75pips above the weekly Kumo.  Although we feel the pair needs to correct a little bit, we ultimately feel any rallies are just opportunities to sell the pair higher.Just as we wrote, the pair rallied t...
  • AUDUSD: Break Of 0.8733 Level To Confirm A Top

    Following a second month of weakness since halting its broader medium term uptrend (initiated from the 0.6008 level in Oct'08) in Nov'09, AUDUSD retains its bearish momentum and looks to weaken further towards its Dec 24'09 low at 0.8733. That swing low is key to the health of the pair's medium term uptrend as a break of there will resume its declines started from the 0.9404 level, its 2009 high and break its pattern of higher highs and higher lows.
  • Ichimoku Report Feb. 1st

    EURUSD - Kumo Below, but nothing specialAs stated last week;The problem for the EURUSD is more about a lack of support combined with clear lines of resistance.  This along with the Kumo now way below at 1.3770 suggests the first major attempts to support this pair will not come for another 275pips ...
  • Ichimoku Research Jan. 25th

    EURUSD - Clear Resistance / Weak SupportPosting its most aggressive 1 week decline in over a month, the pair has found mild support in the end of the week to bounce a tad.  The bounce is not strong and is consistent with a combination of profit taking and corrective behavior.  The pressure is stil...
  • The Ichimoku Report Jan. 19th

    EURUSD - Support FallingAs we wrote last week in our Ichimoku Report:the pair will either maintain its corrective mode or start a strong sell-off towards the kumo top which has already fallen to 1.3760/80 level and will remain there till the end of Feb.andthe line of least resistance will remain to ...
  • AUDUSD: Builds Up Strength towards The 0.9404 Level

    Upside momentum continues to build up as strength triggered off its Dec 23'09 high at 0.8733 continues to target higher prices. If a convincing break and hold above its Nov 11'09 high at 0.9321 materializes, then we should expect the pair to trade further higher towards its 2009 high at 0.9404.
  • AUDUSD: Still Eyeing Further Corrective Upside.

    Even though the pair retains its broader declines activated from the 0.9404 level, it has now triggered corrective upside gains and presently looks to decisively break and hold above the 0.8943 level, its Nov 27'09 low.
  • AUDUSD: Nearer Term Trend Still Points Lower.

    Despite its Thursday strength following through on its previous day gains, AUDUSD maintains its bearish nearer term tone suggesting a decline towards the 0.8943/04 level, its Nov 27'09/Nov 01'09 lows.
  • AUDUSD - Daily technical Strategy 11/19/2009

    AUDUSD- Corrective weakness triggered off its YTD high at 0.9401 level continues to dominate the pair's price action declining further lower and opening the door for additional weakness. That leaves a convincing break of its nearby support at the 0.9207 level, its Nov 12'09 low triggering further downside towards its LT rising trendline curreny at 0.9086.

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