Last week closed out with pressure emerging on the Euro once again after the Federal Reserve confirmed what the market anticipated all along. With multiple…
Back on 09/26/21 we posted about the longer term price action forecast for the Euro. The monthly charts had already confirmed a top in August…
Within the last week, the Euro rallied versus the US Dollar to a high above 1.1480 providing speculation that it’s downside was limited. However yesterday’s…
AUDCHF confirmed a lower high on the daily chart this past week and closed on Friday at .6595. While the risk for the shorts will…
Dollar Yen ended 2021 by closing above the Oct 2018 monthly high of 114.55 and confirming a break of the monthly trend to the upside. …
AUDJPY closed the week out at 82.55 on Friday. This was both enough for a Daily trend change to the upside and a Weekly confirmation…
Looking at the week ahead, let’s start with the Euro. We mentioned last week that Euro Dollar was wrapped up in cross pairs and not…
To recap last week, commodity based currencies did most of the driving. As we pointed out, USD/CAD was overbought, while AUD/USD and NZD/USD were oversold,…
Last week’s price action fell in line with our overall expectations. EUR/USD traded within it’s dynamic support and resistance levels. GBP/USD maintained it’s bearish posture,…