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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Level Archive
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EURUSD – Risk Still See Towards 1.2466 Level
Posted on June 28, 2010 | No CommentsAlthough price hesitation saw the pair turning off its corrective recovery high at 1.2466 to close the week marginally lower, that level is still being targeted as long as EUR holds above the 1.2208 level, its Jun 23′10 low. Additionally, despite this price action, the... -
GBPUSD: Bull Pressure To Target 1.5308 Level
Posted on June 27, 2010 | No CommentsHaving maintained a third week of consecutive upside gains, risk continues to point higher towards the next resistance level residing at the 1.5308 level, its May’10 high. A breach of there will call for more strength towards its April 15′10 high at 1.5521. A breather... -
GBPUSD: The 1.4768 Level To Provide Support On Pullbacks
Posted on June 25, 2010 | No CommentsWhile the pair may be hesitating after halting its nearer term rally on Thursday, we expect its Jun 02′10 high at 1.4768 to provide support on pullbacks. This should turn the pair back up and push it towards the 1.5000/52 levels. That zone is crucial... -
GBPUSD: Bull Pressure Probes The 1.5000 Level
Posted on June 24, 2010 | No CommentsFollowing its strong rally reversing its one-day pullback on Wednesday, GBP remains on the offensive threatening to break and hold above the 1.5000/52 levels. That zone is crucial to the continuation of its recovery as a break will open the door for gains on the... -
GBPUSD: Attempts A Break Of The 1.4935 Level
Posted on June 23, 2010 | No CommentsWith an intra reversal of its weakness seen and a subsequent rally putting it on a positive close on Tuesday, GBP was seen building up on those gains in early trading today. This development has left the pair targeting the 1.4935 level which is currently... -
USDCAD – Risk Turning To The 1.0332 Level
Posted on June 23, 2010 | No CommentsWith the pair putting in a bottom at 1.0137 and preparing to head further higher after turning off higher ahead of its Jun 13′10 low at 1.0108 on Monday, threats are now seen towards the 1.0332 level, its Jun 03′10 high. USDACD has been declining... -
GBPUSD: Risk Builds Towards The 1.5000/52 Level
Posted on June 20, 2010 | No CommentsWith a firm break and hold above the 1.4768 level, its Jun 02′10 high seen, GBP now looks to extend its corrective recovery started from the 1.4226 level towards the 1.5000/52 level, its psycho level/May 10′10 high. This level could provide a respite and turn... -
USDJPY: Sets Up To Break The 90.53 Level
Posted on June 19, 2010 | No CommentsA follow-through lower on its Thursday losses saw USDJPY challenging the 90.53 level, its Jun 2010 low today’s trading to test a low of 90.44. While it continues to hold below the 92.87 level, we see risk of a convincing break and hold below the... -
EURUSD: Bull Momentum Eyes The 1.2451 level
Posted on June 19, 2010 | No CommentsWith a break above its Jun 01′10 high at 1.2353 seen, risk is now seen towards the 1.2451 level, its May 28′10 high and next its May 21′10 high at 1.2671. This view remains valid while EUR continues to trade above the 1.2000/1.1875 zone. Its...