News

USDJPY Reversal Deepens USDJPY has fallen back under 140 for the first time since September as the correction lower in USD threatens to spill over into a proper reversal. Yesterday’s US CPI release has seen market pricing for the December FOMC swinging in favour of a smaller .5% hike, fuelling an unwinding of USD longs. […]

EURUSD, “Euro vs US Dollar” The pair has completed a wave of growth to 1.0210. At the moment, the market is forming a consolidation range around this level. Today we expect the range to expand to 1.0240. Then a decline to 1.0120 might follow. In case the range is escaped downwards, a pathway to 1.0000 […]

EURUSD, “Euro vs US Dollar” The currency pair is growing inside a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the signal lines of the indicator at 1.0055 is expected, followed by growth to 1.0525. An additional signal confirming the growth will be a bounce off […]

• AUDCAD broke the resistance level 0.8835 • Likely to rise to resistance level 0.8965 AUDCAD recently broke the resistance level 0.8835 (top of wave (a) from the end of October, former support from September). The breakout of the resistance level 0.8835 was preceded by the breakout of the resistance trendline of the weekly down […]

• EURUSD broke resistance level 1.0095 • Likely to rise to resistance level 1.0365 EURUSD recently broke the resistance level 1.0095 (which has been reversing the price from the start of September) intersecting with the 61.8% Fibonacci correction of the downward impulse from August. The breakout of the resistance level 1.0095 led to the subsequent […]

CPI The Key Yesterday’s US CPI report might well prove to be a pivotal moment for the Dollar. Over recent weeks, an increasing number of players have been looking to call a top in USD linked to expectations of a slowing of Fed tightening. With headline CPI having dropped half a percentage point last month, […]