Weekly Ichimoku Analysis Oct. 26th+
EURUSD Since its weekly close above the 20ema in early May 09′ and the Kumo break later that month, the pair has yet to post two weekly closes back to back. In fact, out of 28 weeks, the pair has only closed down 10 posting a 65% weekly up close for the last 6months. Currently its riding a 3 week wave of higher closes and our analysis points to a higher close. The pair is showing more...
Read MoreUSDCAD wanting to break 1.0500
For the first time in a long time the USDCAD is about to do the following; 1) close above the previous weeks high (last time was early August 09′) 2) have a daily close above the Tenkan line (daily chart – last time was Oct. 1st 09′) 3) close inside the kumo on the 4hr chart (last time was Oct. 4th) All of this is happening today and with a vengeance. Why do I use such strong...
Read MoreWeekly Ichimoku Report Oct. 12th
EURUSD Threatening to take out the 2009 highs (only 3 weeks ago so not that dramatic), the EURUSD is nothing but bullish as it remains above the Tenkan and has not posted a close below the line on the weekly charts since late April this year. The only way you do that is with continual steady buying for the pair. Dips have been minor and the bears have at best posted two weeks of declines in a row...
Read MoreWanting to Buy AUDUSD sometime this week? Consult the statistics first
In case you were kidnapped, heavily inebriated or on prescription drugs for the last, oh say 33 weeks, the AUDUSD has been in an uptrend. On top of that, they recently did something no other central bank has done lately – raise their interest rates. This has separated them from the rest of them and added nitro to the trend. But, the question has to be asked, is there more to this...
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