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.
Continue reading...17. August 2010
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.
16. August 2010
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.
Continue reading...16. August 2010
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.
14. August 2010
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.
Continue reading...
20. August 2010
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