There are longer term bullish setups in the Euro / commodity crosses. Now is a good time to take a longer term perspective. Near term, the Fibonacci support zone (of the rally from .6535 to .8192) does not begin until .7558. The spike high at .8075 on October 10 should...

As of mid-Tuesday (New York session), price on the USD/CAD 4-Hour chart, as shown, has just tentatively surpassed a major top that represents the three-year high in the pair. Price broke through the key 1.2000 level and reached up past the previous high around the 1.2120 level on Tuesday morning,...

Traders we came out with a new wave count on the swissy chart. The price structure on the daily chart is looking like a diagonal triangle in the possible wave I/A with possible higher targets than the current highs. Below you will notice the expectations of a similar move in...

The EURUSD is extremely weak. Remaining below 1.3535 keeps the extremely bearish count shown above on track. Fibonacci extensions place the target area for a 3rd of a 3rd wave down (within the 5 wave drop from 1.60+) at 1.1437-1.1764. I am not confident in this breakdown count though. A...

Concerns over the immediate impact of the financial crisis have tapered off over the past few weeks, but its longer-term implications continue to weigh on economies that were deemed otherwise immune to the US slowdown. The Euro Zone and UK were considered among the most stable until recently; but excess...