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The USD is set to explode

20. August 2010

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The USD is set to explode

The weekly charts tell 1 thing only: the USD is ready to explode against most currencies.

If a weekly chart signal by itself already means a lot, when you have the same currency pointing to a major reversal against most currencies, the situation turns really interesting.

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USD/CAD can break to the upside soon

17. August 2010

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USD/CAD can break to the upside soon

USD/CAD appears to be forming an outstanding weekly pattern that can take it into an epic rally soon.
Currently the USD/CAD is trading near an important daily resistance so it’s necessary to wait for the proper breakout, but the weekly chart is showing an amazing potential right now.

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IS USD/JPY ready to reverse?

16. August 2010

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IS USD/JPY ready to reverse?

The USD/JPY has been in a bear trend for quite some time.

Finally, thanks to a powerful double bottom with a slight bullish divergence on the weekly chart, the trend might revert soon.

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GBP/USD can drop as much as 1000 pips

16. August 2010

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GBP/USD can drop as much as 1000 pips

GBP/USD appears ready for a correction thanks to the last weeks strong bearish reversal.
While that’s a strong movement, the weekly chart certainly confirms the bearish scenario: Last week reversal occurred exactly at the 61.8% Fibonacci Retracement on the Weekly chart.

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Euro Dollar headed for a correction

14. August 2010

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Euro Dollar headed for a correction

Just 4 weeks after an important breakout, the EUR/USD reversed hard this week, and now technically, the EUR/USD is headed for a correction.

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