• 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...
  • Forex Ichimoku Report June 28th

    EURUSD - Forming a Base or Part II?After climbing for two straight weeks, the pair has sold off anotherweek in a peculiar fashion.  How so?  The pair gapped up to start theweek on the Yuan float, then sold off only to bounce at the end of theweek and close exactly where it did the week before.  T...
  • Ichimoku Report May 31st

    EURUSD - After a Week of Gains…LossesThis is to be expected and par for the course.  Who really wants to belong Euros at this point?  The pair has been losing ground against ahuge basket of currencies and although the news and sensationalism hasquieted a bit due to the holidays, we do not th...
  • 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...
  • 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...
  • Strong Fundamental-Based Trading Favors GBP and USD; Speculation Boosts Crude

    The USD notched significant gains today versus its major counter-currencies, most notably versus the Euro, the Japanese Yen, the Swiss Franc, and the Canadian dollar. The euro took it directly on the chin today, as German ZEW investor sentiment was reported below expectations and below the 50 mark (indicating economic contraction). The economic dynamics in Germany have slowed dramatically, a German economist said after the news release. Meanwhile, worries about Greece's finances are still ling...
  • 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 ...
  • GBPUSD: Still Vulnerable To The Downside

    With a sell off reversing its Monday and Wednesday upside strength on Thursday, risk of further downside continues to be seen.
  • GBPUSD - Daily trading strategy

    Although struggling to fight off bears attack at its longer term rising trendlinecurrently at 1.6244, it is still dominated by the bearish tone set from the 1.6875 level. With that said, a convincing break and hold below there on a daily closing basis will mean additional downside weakness towards the 1.5706 level, its Oct 13'09 low with the only level to overcome ahead of there residing at its Oct 30'09 high at 1.6124.If the 1.5706 level is eventually traded, further declines could shape up tow...
  • GBPUSD - Daily technical strategy

    Although the pair has reversed its Monday losses and resumed its recovery activated at the 1.6267 level, its Nov 25'09 high, we would like to see a break and hold above the 1.6744 level, its Nov 25'09 high and the 1.6875 level, its Nov 16'0-09 high to convince us that its decline has ended bringing the next upside gains towards its YTD high at 1.7041.

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