EUR/USD The pair toped at 1.4240 yesterday only to lose some ground for the rest of the day, and is now trading around 1.4190. The hourly charts are very bullish and the daily studies support the bullish notion. Oscillators show that a touch at the 1.4240 again is quite imminent, and a breach beyond will validate another bullish move to the 1.4300 area. GBP/USD The cable has been trading in a range for a while now, and the 4 Hour chart is showing a horizontal channel which indicate that there isn’t a clear signal as to the cable’s ... ( read more )

EUR/USD The pair is in the middle of a very strong uptrend at the moment, and the breach through the 1.3740 level which was a strong resistance and a key Fibonacci level, indicates that the move is validated and we might see the positive momentum continue to the 1.3900 level. The hourlies are a bit overbought which indicates that buying on dips might be preferable. GBP/USD The uptrend the cable is going through seems to be very strong and the daily chart validates that there is still room to run. The 4 Hour chart is confirming that the... ( read more )

EUR/USD The pair is floating in a relatively tight range for several days now, as can be seen in the 4 Hour chart. No significant break through the 1.3550/1.3700 range has occurred, and the hourlies continue to deliver mixed signals. The daily chart is giving a moderately bullish sentiment with a bit more room to run. GBP/USD The cable is in the middle of an uptrend that started at 1.9650, and according to the daily chart still has some more momentum to continue. The slow stochastic on the 4 Hour chart is showing a bearish cross indica... ( read more )

EUR/USD The pair is traded between the 50% and the 61.8 Fibonacci level of the 1.3850/1.3359 move. Both levels are now key support and resistance, and every breach through one of them will validate the move. The slow stochastic indicates that the momentum is slightly bullish, and the first break might be through the upper level of 1.3662. GBP/USD The cable is in the middle of an uptrend that was initiated in 1.9650 and is now on local consolidation at 2.0166. The slow stochastic and RSI indicate that there is still more room to run, a... ( read more )