USD / JPY: Short term analysis

During the European session USD/JPY broke 102.20 and fell rapidly to 102.00, which stopped the decline. Short term momentum stays in favor of the yen and a drop below 102.00 will open the door for a decline towards 101.85 then 101.40. To the upside, resistance is located at 102.20 and above at 102.30. In the […]

EURCHF strategy

Movements in the EURCHF remains limited but the main strategy continues to work: buy close to 1.2100, expecting moderate gains (with a small limit), with a large stop barely below 1.2000. The ratio of gains / losses is not favorable but the probabilities of the pair falling below 1.2000 are extremely low considering the determination […]

GOLD (4H): Buy, sell or wait?

The value of an ounce of gold that is moving with a slightly bullish bias but with difficulties. In fact it has not even been able to consolidate above $ 1,300. Currently the perspective is indefinite but a move below $1,277 or above $1,308 could change this. In the four-hour chart price has run into […]

EURUSD: Trendline break and other negative signal

The EURUSD is trading quiet on Monday after having two bad days on Thursday and Friday . The decline brought price to close below 20 SMA and also under trendline; Momentum indicator broke down the 100 line, giving another signal of weakness. We could expect the EURUSD to move in a new range, with resistance […]

EURUSD eying 1,40

EUR/USD bias remains bullish, with an eye in 1.40 (important psychological area), and before this level probable resistance at 2014 highs. Bullish outlook, but for the rally to continues price needs to consolidate above 1.40. Immediate support at 1.3880; followed by 1.3850 and then the upward line that currently stands at 1.3800.  

USD/CAD approaches April’s lows

After break of 1.0940, accelerated to the downside and price fell below 1.0900. Next support located around the minimum of April and also a Fibonacci level, between 1.0855 / 60. Resistance at 1.0940 and above the next is a bearish line that stands at 1.0975. Break of 1.0975 will favor the US dollar, while below […]

USD/JPY breaks Monday lows, Acceleration ahead?

The USD / JPY recently broke 101.85/90 where Monday’s lows lie and extended the decline to 101.70. A consolidation around current levels would weaken the pair. If the downside continues, the next support is at around 101,10 / 20. On the opposite side, a return above 102.20 could remove bearish momentum. While in the upward […]

Despite the recovery, Fed would be the last to leave the stimulus party

 The financial and economic crisis that began in 2007 led to central banks implementing extraordinary measures. The economic recovery should lead to a normalization of central banks. While the economic recovery of the U.S. seems to be ahead of other countries, the Federal Reserve would be the last to start withdrawing stimulus (unless inflation in […]