• 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...
  • USD/CAD: Holds Above 1.0000, Set Recover Higher

    We are yet to see a clear sign of price continuation lower instead USDCAD's price action is dominated by hesitation slightly above the 1.0000 level. While this continues, we look for the pair to trigger a corrective recovery and target its minor resistance at 1.0063 level, its April 23'10 high.
  • 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...
  • USD/CAD: Stares At The 1.0000 Level In The Face

    The pair is on the verge of retargeting its big psycho/parity level at 1.0000 as a follow through lower on its Monday losses continues today. We expect a breather on an initial test of that level to turn the pair back up and possibly trigger a corrective recovery higher. However, on a decisive violation of that level, we will be looking for a push towards its July'08 low at 0.9818 and then the 0.9707 level, its Feb'08 low. Its daily stochasticsis bearish and pointing lower supporting this view.
  • USD/CAD: Corrective Recovery Still In Force

    Its corrective recovery rally ran into a hitch above its strong resistance at the 1.0219/04 levels, its 2010/2009 lows and subsequently collapsed to close flat on Monday. However, a bid tone is now seen suggesting a challenge on the mentioned resistance and even its Monday high at 1.0240 level could occur.
  • 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 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. 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...
  • 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 ...
  • EURUSD Forecast to Rise Further and Test 1.45

    This is article is released weekdays under the heading Daily Fundamentals at 5pm EST on www.dailyfx.comNearly 65 percent of traders are short EURUSD and many investors are leaving their protective stop-losses slightly above 1.43. Under these circumstances is very risky to take additional shorts in...
  • Crowds Buy into US Dollar Weakness, Signaling Losses Likely

    This is article is released weekdays under the heading Daily Fundamentals at 5pm EST on www.dailyfx.comEURUSD - Sentiment Points to Further Euro Gains versus US Dollar GBPUSD - British Pound Could Rally Further on One-Sided Sentiment USDCHF - Swiss Franc Expected to Rally Versus US Dollar USDCAD -...
  • Euro Forecast Bullish As Crowd Sells Into Post-ECB Rally

    This is article is released weekdays under the heading Daily Fundamentals at 5pm EST on www.dailyfx.comEURUSD - Euro Forecast Bullish As Crowd Sells Post ECB Decision GBPUSD - British Pound Could Rally Further on One-Sided Sentiment USDCHF - Swiss Franc Expected to Rally Versus US Dollar USDCAD - ...
  • Canadian Dollar Forecast to Rally Further Versus US Dollar

    This is article is released weekdays under the heading Daily Fundamentals at 5pm EST on www.dailyfx.comEURUSD - Euro Outlook Mixed Against US Dollar USDJPY - Japanese Yen Forecast to Rally Further Versus US Dollar GBPUSD - Forex Systems Buy British Pound Aggressively on Sentiment USDCHF - Swiss Fr...