Forex Signals

Price action on Gold (a daily chart of which is shown) as of Tuesday (3/02/2011) has broken out above its previous all time high around 1430, which was just established in December, to hit a new all-time high tentatively above 1438. This occurs within the short-term context of a steep month-long uptrend. For more technical [...]

Price action on USD/JPY (a daily chart of which is shown) as of Wednesday (2/16/2011) has continued its rise after breaking out above a clear triangle consolidation stemming from the early November long-term low, and then subsequently breaking out above the 83.00 resistance level. For more technical analysis on this currency pair, please click here [...]

Price action on USD/JPY (a daily chart of which is shown) as of Thursday (2/10/2011) has tentatively broken out above a triangle consolidation pattern that has been in place since the 80.20 long-term low extreme hit in early November 2010. This break to the upside has hit and tentatively surpassed key resistance around 83.00. For [...]

Ramon Ang-led San Miguel Corporation of SMC in the Philippine Stock Exchange was under the spotlight during the last quarter of 2010. From around PHP 74.00 in October 2010, SMC had risen in a relatively fast pace to end the year at PHP 163.80. Now, that’s a gain of almost 120% [...]

Price action on EUR/USD (a daily chart of which is shown) as of Friday (1/21/2011) has made a significant upside push that has tentatively broken out above key resistance in the 1.3500 price region, establishing nearly a two-month high for the pair and capping off two weeks of bullish trending price action. For more technical [...]

Price action on GBP/USD (a daily chart of which is shown) as of Wednesday (1/19/2011) has continued its consistently and dramatically bullish stance that has been in place since the beginning of the year. During the course of this bullishness, price action launched off its key 1.5350 support base and then broke out cleanly above [...]

Price action on GBP/USD (a daily chart of which is shown) as of Thursday (1/13/2011) has broken out above a descending wedge formation, breaking the bearish trend that has been in place since early November. The dramatic bullishness of the last two days has pushed price up to approach key resistance in the 1.5900 price [...]

Smooth seas do not make skillful sailors. – African Proverb
Greetings. There’s only one day left until the Fed will (as expected) resume the program of assets purchases, trying to support the economic recovery. Current question is not “Will the Fed announce QE2?” but rather “How much money will the Fed print inject into the economy?” [...]

Price action on EUR/GBP (a daily chart of which is shown) as of Monday (7/19/2010), has reflected the new week’s sharp downmove in GBP/USD and milder upmove in EUR/USD by continuing last week’s bullish momentum that broke out above 0.8400. For more technical analysis on this currency pair, please click here for Monday’s (7/19/2010) Chart [...]

Price action on AUD/USD, a 4-hour chart of which is shown, has reached and consolidated just under critical resistance around the key 0.8780 price region as of Friday (7/09/2010) morning. This currency pair has been strongly bullish for this entire week after bouncing up from a double-bottom low in the 0.8315 price region. For more [...]