Short-Term Analysis

The Eur/Usd is moving in a descendant channel, and had just attempted to break to the upside, but quickly come back. Quoting around 1.2630, the pair remains under bearish pressure, and contained by this descendant trend line that will need a strong confirmation to be consider broken. As long as the pair remains under the […]

Here is where we can see very clear the two currencies actual strength commented earlier. The pair has break to the downside a tight range, and hit the 140.20 zone, first support for today, followed by 139.40 and then, the zone @ 138.80. A confirmation above 140.90 will extend upside correction first, to 141.53, followed […]

Here is where we can see very clear the two currencies actual strength commented earlier. The pair has break to the downside a tight range, and hit the 140.20 zone, first support for today, followed by 139.40 and then, the zone @ 138.80. A confirmation above 140.90 will extend upside correction first, to 141.53, followed […]

Despite breaking an important daily ascendant trend line, the pair has reached a key level at 93.55 and begin a correction; take a look at the CCI in 4 hours charts: it has formed a “V” peak under the  -200 level, first sign of a probable upside correction, we have to watch if the CCI […]

I’m looking at the pair right now, how hard is the battle between the selling pressure and the support zone the pair has between 1.2625/45; I add a Fibo to my charts, as I see more chances of an upside correction than a continuation for today, as the pair remains oversold in hourly charts, still, […]

While Europeans fall against greenback, Japanese Yen stays almost flat against dollar, as the fight is to even there. No clear trend there, no clear trades for me right now, but two key levels two watch: to the upside 96.05/30. To the downside 94.60/80. I will update the pair is approaches to any of them. […]

Quick post as I see what’s going on: Euro is breaking under the ascendant trend line we mark yesterday, and tested the key 1.2830 zone: trend is resuming to the downside, and if prices manage to stay under the mentioned line, right now @ 1.2845, an new retest of the 1.2826 will send the pair first […]

The pair is under corrective selling pressure, despite longer term charts remain bullish. For today, chances are to the downside as long as the pair remains capped under the descendant trend line you can see in this chart @ 1.2030. with the holiday, don’t expect majors triggering anyway, probably we will see some come and […]

This are the numbers released, readings are Actual, Expected and Previous.
Unemployment Claims           529K 534K 543K
Core PCE Price Index m/m      0.0% 0.1% 0.2%
Durable Goods Orders m/m -6.2% -2.8% -0.2%
Durable Goods Orders m/m -4.4% -1.4% -2.3%
Personal Spending m/m      -1.0% -1.0% -0.3%
Personal Income m/m            0.3% 0.1% 0.1%
 
In general bad readings in Durable Orders and despite better than expected […]

The pair remains also under selling pressure, unable to regain ground despite any stocks movements. From actual price, 94.92 will be the first support zone to consider, followed by 94.40 and finally the zone @ 94.10 an ascendant daily trend line. Resistances from actual price will be 95.30, the zone @ 95.60 and finally 96.00.
 
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