GBPUSD Daily Forecast: October 26

GBPUSD Forecast: A big surprise in UK GDP data on Friday hurt Sterling badly. The pair bottomed at 1.6298 and closed at 1.6303. Technically on daily chart below, it was a false breakout which usually trigger significant bearish momentum as price now back in the bearish channel area. The upper line of the bearish channel [...]

Daily Forecast for Crosses: October 26

EURJPY Forecast The EURJPY continued it’s bullish momentum on Friday, topped at 138.34 and closed at 138.12. The bullish scenario should remains intact but I think we are now in transition phase so we need to wait for further development. As you can see on my daily chart below, the pair is actually still move [...]

USDCHF Daily Forecast: October 26

USDCHF Forecast The USDCHF made a moderate bullish correction on Friday. Technically we might have significant movement here, as you can see in my h4 chart below, price is now challenging my trendline resistance. Note that we have 2 false breakout (circled) before, so if we have another false breakout this time, we can expect [...]

The US Dollar’s Interest Rate

The US Dollar index, a collection of a basket of currencies vs the US Dollar, closed slightly lower this week. This means that the US Dollar has weakened and it seems like an extension of the current theme of US Dollar weakness

EUR/USD weekly pattern

Simultaneous Release at www.thegeekknows.com Follow me on twitter Hello, this is a surprise attack by the geek! Did i catch you at your BBQ? :p I was doing my weekend overtime research on the EUR/USD and i noticed something peculiar. So much so that i would like to take this opportunity to share with you [...]

EURUSD Weekly Summary: CCI bearish divergence and potential bullish exhaustion

The EURUSD has been moving in a very strong bullish momentum since March 2009, slipped above 1.5000 this week but can not convincingly stay above that psychological level. While this may caused by some profit taking activity on the weekend, CCI divergence on daily chart below indicating potential bullish exhaustion and bearish reversal, or at [...]

EUR/USD makes another high

Simultaneous Release at www.thegeekknows.com Follow me on twitter Good day to all. It is FRIDAY!!! Have you cashed out your pips for the drinks? I hope you did that instead of forgoing the drinks to top up that margin account ya? Going where no one has gone before since 2008, the currency pair made a [...]

What is the direction of highest probability today? (23/10/09)

Direction of Highest Probability: BULLISH 60 minute trend support:91.40 Bearish Probability below:91.40 Significant support:91.40, 90.35 Significant resistance:95.00

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