Monthly candle is forming Shooting Star which is extremely Bearish for NZD. Also, last week's Weekly candle was a Bearish Engulfing candle which I also pointed out. Weekly Resistance held strong at .845ish. *12/16 Weekly Candle Bearish Engulfing ...

NZD/USD

I find your perspective on EUR/AUD interesting due to the fact that EUR/AUD is by far the most predictable and profitable pair that I trade along with AUD/JPY. We are clearly heading higher as there is no real resistance until 1.283 which can be ...

EurAnalysis

Hey PT! Hope you enjoyed the last couple of days off. I wanted to see if I can get your perspective and targets for EUR/AUD if possible? I have 1.295 for my next short-term target but after that it is hard to get a read on next major resistance... I ...

EurAnalysis

Excellent R:R I still see much more room to the downside, but like you said, your risk is very very minimal.

AUD/USD

What is your target? I'm still short from 1.049, 1.048, and 1.043. Have also taken profit from other shorts up at 1.058. Can't ignore the Bearish Engulfing candle on last week's candle. Also, the clear rejection from the Weekly TL at 1.058. But ...

AUD/USD

Hi Silat, I'm also with FXCM and it looks like we will open up in a little under 5 hours from now. 1:00 AM EST

Cable Update (GBPUSD)

Great work Vette!

NZD/USD

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EURUSD

I agree that we will see more upside in EUR/AUD during the coming weeks. 1st Target: 1.28 2nd Target: 1.295 1.215 (previous S/R) held strong from a weekly perspective at 11/4 and 11/11 creating a new "higher low" on the weekly chart. This area has ...

EUR/AUD

PASR is still painting a VERY CLEAR picture for AUD, NZD, GBP though on the charts I posted. I can't and won't argue against Price Action at major support / resistance levels.

EurAnalysis

Ahhhh....makes sense! I knew I asked for your input for a reason Thanks for the thorough break down PT.

EurAnalysis

LOL Nice! Glad to have you on "our" side!

EurAnalysis

Ken, Where do you currently stand in regards to EUR/USD? Just curious...

EurAnalysis

Alright good! Wasn't sure if the explanation was detailed enough

EurAnalysis

Hey PT, I know this has been discussed before but could you clarify to me about how positive US data should be USD bullish from now on? Not sure if how I worded it was very technical or clear... Somebody posted a good article here but I don't ...

EurAnalysis

Hi DaEdge, This is not entirely true anymore, well, not since the most recent QE announcement. Positive US economic data is NOT positive for EUR/USD anymore, it is USD bullish. **One thing to keep in mind: Now that Ben Bernanke has tied the new QE ...

EurAnalysis

Here are some charts for you to view: CLASSIC PASR NZD/USD: The chart pretty much says it all. Perfect rejection from previous weekly resistance up at .845 zone and now also formed a BEEB on the weekly candle as well. AUD/USD: Clear test and ...

EurAnalysis

It is important to also note the weekly candles for NZD, AUD, and GBP as well though befe jumping to any conclusions for the EUR. The previous three are ALL bearish weekly candles and ALL have reached important zones of resistance on the weekly and ...

EurAnalysis

Classic PASR on the Weekly chart for NZD/USD Major Weekly resistance up at .845 held strong. Weekly BEEB (bearish engulfing bar) has formed giving me a clear Bearish signal for NZD/USD for the short to mid term. Major Weekly support down at .745 so ...

NZD/USD

Classic PASR Cable hasn't closed above 1.627 on the weekly for over a year. All one needed to do was look at the Daily close on 12/19 as price action shows a doji / pinbar (whatever you want to call it) at major weekly resistance giving us a clear ...

Cable Update (GBPUSD)