Entering February traders have two choices. They can either start the month with selling pressure that may retrace 50 percent of the January rally or even further, or ....
The Forex Pattern, Price & Time Report
The Forex Pattern, Price & Time Report is an education and advisory service that uses the key elements of Gann technical analysis to help traders make informed trading decisions.
GBP USD Reaches Oversold Status
With the GBP USD reaching oversold status on the daily chart. What's next for the Sterling?
USD CHF Trend Turns Decisively Lower
The USD CHF main trend has turned decisively lower on the daily chart. Breaking two main bottoms at .8918 and .8881 may be giving bearish traders the confidence to...
Pound/Dollar Rally Faltering; Pair Set Up for Daily Closing Price Reversal Top
After riding the wave of the weaker Dollar, the British Pound may have temporarily reached the end of its rally this morning. In light trading, the GBP USD attempted...
Aussie Sideways Action Indicates Impending Volatility
The AUD USD is trading steady to lower overnight. The market has traded sideways since posting a potentially bearish closing price reversal top on Monday.
EUR USD Upside Momentum Slowing; Watch for Short-Term Pull-back
Following a strong rally on Monday, but a failed breakout through the last swing top at 1.3689, the EUR USD ....
Aussie Dollar in Position to Post Daily Closing Price Reversal
After piercing a lower level Gann angle the last two sessions while walking down a steeper one since topping at 1.0764, the AUD USD is rebounding today. Not only...
Japan’s Noda Familiar with Interventions
The September Japanese Yen is holding steady this morning with a slight bias to the upside after Japanese Finance Minister Yoshihiko Noda was chosen to succeed Prime Minister Naoto...
Forex Traders Prepare “To Go the Way of the Move”
This week’s Forex markets have been highlighted by low volume and tight ranges, leading to the formation of consolidation patterns in many of the major currencies.
Bad Trade Surplus Number Sinks NZD USD
The NZD USD is under pressure overnight after a government report showed that May’s trade surplus was smaller than estimated.
Contagion Fear Sweeping Forex Markets
Fear of contagion is sweeping through the Forex markets this morning as traders worry that Greece’s ongoing sovereign debt problems are going to spread throughout the Euro Zone.
U.S. Dollar Mixed after Bearish Jobs Data Report
The U.S. Dollar is trading mixed this morning showing weakness against the Japanese Yen, Swiss Franc and Euro as Forex traders absorbed employment data showing the U.S. economy added...
Trichet’s Bold Statements Ignite Euro Rebound
The Euro is rebounding this morning after a sharp sell-off on Wednesday. The single currency broke hard the previous session after a test of a key 50% price level...
Easing Investor Tensions Drives Euro Sharply Higher
After trading in a four-handle range over the past six-trading sessions, the EUR USD finally broke out to the upside as investor tensions eased regarding Greece’s willingness to restructure...
Traders Reluctant to Press Euro Lower
The Euro is bouncing back this morning after briefly piercing the recent swing bottom at 1.4048 and a .618 retracement level at 1.4006. This morning’s rebound doesn’t suggest a...
Aussie, Kiwi Rise on Improved Economic Outlooks
Improving economic outlooks for Australia and New Zealand have put both currencies in a position to close higher for the week for the first time in a month.
Commodity-Linked Currencies Not Reacting Yet to Stronger Metals
Higher commodity prices led by rallies in Gold and Silver are not helping the commodity-linked currencies this morning. Earlier in the trading session, it looked as if the Australian,...
Euro Setting Up Bear Trap
Last week the Euro turned down on the daily chart when the market took out the previous main bottom at 1.4157.
Forex Traders Working to Figure Out IMF News Impact
U.S. Dollar looks strong on the opening. The focus will be on the Euro and how traders react to the arrest of the IMF chief this week-end in New...
“Markedly High” Inflation Triggers GBP USD Surge
The GBP USD is trading higher this morning after the Bank of England raised its inflation forecast and indicated it will begin tightening monetary policy beginning in the third...
