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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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Pullback Archive
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GBP/JPY Stalking Pullback for Confirmation
Posted on July 12, 2010 | No CommentsThe 4H chart shows the pair bouncing off a 61.8% retracement level. Momentum has been ranging, but there is a slight bearish bias looking at the RSI levels in the 4H chart. The 1H RSI broke below 40 reflecting momentum of the current bearish attempt.... -
GBP/USD: Pullback Suggests Possible Double Top
Posted on July 6, 2010 | No CommentsThe GBP/USD pair is at a resistance area of 1.52, and has so far paused the current rally that started in mid-May. The latest video update noted a 1H chart head and shoulder pattern. After the break below, there is a pullback, and I was... -
GBP/JPY: A Pullback after Double Top; Price Action Volatile but Within Daily Range
Posted on July 2, 2010 | No CommentsThe GBP/JPY completed a double top ahead of today’s NFP release at 8:30AM ET. This double top suggests a decline, but it can also be a flat correction to be followed by continuation. Normally, I would be looking at the pullback to see if it... -
GBP/USD: Pullback After a Double Top
Posted on June 25, 2010 | No CommentsThe GBP/USD pair has been strong in June. In fact it has been rallying since the middle of May, for a month now. This week, the pair showed some signs of finally topping. The 4H chart shows the rally stopped at 1.50. The daily chart... -
AUDUSD: Looks To Close Its Gap On Pullback
Posted on June 22, 2010 | No CommentsThough ending the week stronger on bullish momentum the past week, AUDUSD opened the new week gapping into the 0.8800 region on Monday and is presently seen threatening to close that gap after failing at the 0.8852 level.. Despite this hesitation, its nearer term recovery... -
Dollar Extended Pullback as Equities Boosted by Job Data and China
Posted on June 11, 2010 | No CommentsSentiments of global investors were boosted by strong data from China today and pushed stocks higher broadly. DOW managed to rise 2.76% or 273pts to close at 10172 while S&P 500 jumped 2.76%. There were also additional support from job data from US. While initial... -
USD/JPY: Stalking Pullback
Posted on June 7, 2010 | No CommentsThe Japanese yen started to gain on Friday and came out on Sunday continuing its strength across the board. The USD/JPY topped off below 93.00 last week, was not able to sustain a break below 91.0, and is now in a pullback near 92.00. The...