Last week EUR/USD had lost some momentum but had been still inching upward. The currency pair has been mainly staying over 5-day EMA. The sharp downward spike on November 29th found support near…

Status:

1) 5-day EMA crossed below 22-day EMA first time since March 8th.

2) Tenkan-sen of daily ichimoku cloud crossed below Kijun-sen. The signal is a weak bearish signal but it…

EURUSD failed to break the strong psychological resistance of 1.3500 and fell strongly from 1.3486. The currency pair went as low as 1.3187 and closed for the week at…

Last week GBP/JPY moved as we indicated during the last weekend. The currency pair faced some good resistance just a few pips above the mentioned resistance level of 122.80 but then GBP/JPY broke…

Last week USD/CHF…

Last week EUR/USD went as high as 1.3322 but dropped sharply from there to touch 1.3155 and closed for the week at 1.3197.

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Last week USD/JPY broke over the resistance of 77.40. The pair went as high as 77.80 and went into into a sideways mode. The weekly close was at 77.62.

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Last week EUR/JPY moved ahead of 101.46 without any resistance but then found some resistance a few pips below the next resistance level mentioned last week i.e. 102.52. This resistance was also…

EUR/USD Breaks below 55-day EMA. I expect 1.2980/1.2960 to be the next target.

Please check the daily chart:…

EUR/USD found resistance almost exactly at Fibonacci 38.2% retracement level of the movement between October 27th, 2011 and January 13th, 2012. Some support should come near…

Well,I had mentioned 1.3060. But then what is a trader who doesn't make a mistake ;). The support shoul come near 1.3080 and a break below 1.3077 should bring some more downward move to 1.3050.…

Well, in the previous post I had mentioned that I expected a support near 1.3080. The support came there i.e. at 1.3077.

Now I would expect a resistance near 1.3065. If a firm…