The yen is still trapped between two major prices points; the 89.18 lows and 91.44 highs, and as such two wave counts are still possible. The first and primary wave count is an extended red wave III, where a break

While the Cable and EUR/USD are holding strong, the USD/JPY is having the negative reaction one would expect from such negative U.S. unemployment data. Both the headline Unemployment Rate figure and Service Employment Change data points came in weaker than

As with the EUR/USD, the Cable is showing a slight positive reaction to the much worse than expected U.S. headline Unemployment Rate (10.2%). The Unemployment Rate breached the psychological 10% level we warned about, yet investors are opting to stick

The EUR/USD is fluctuating around our 1st tier downtrend and 4th tier uptrend lines as investors digest the worse than expected U.S. unemployment data. The headline Unemployment Rate breached 10% (10.2%) and the services unemployment change data also came in

Outlook for AUDUSD remains higher having held firmly above its MT rising trendline but must break and hold above the 0.9275 level to expose the 0.9327 level. It was seen heading further to the upside following through on its Thursday

Cable traded in a narrow range through the day moving between 1.6588 to 1.6635 as the Resistance at 1.6642 continued to hold. Simultaneously it is taking Support immediately from the trendline on the hourly chart, formed by connecting the lows

The pair remains hesitant giving back its intra day losses to test a high of 1.4917 before closing marginally higher at 1.4876 on Thursday. Though currently trading above its key resistance at the 1.4844 level, a firm hold above there

Although USDJPY reversed its intra day losses to close higher on Thursday, while holding below the 91.31 level and within its falling channel, threats remain to the downside. With weakness currently seen, lower prices should develop towards the 90.06 and

Since the beginning of October, the AUD has been trading in a bullish trend against the NZD. The currency pair tried to cross its Pivot point at 1.2652, but it remains to make sure if the breakthrough is successful like

Dollar/Yen made an upward movement on Thursday, rising from the 90.08 bottom to the peak at 90.84, closing the day at 90.72. On the 1 hour chart a secondary trend line did a good support job at the former resistance

EUR/USD-market strategy can be a buy from the level 1.4876$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing above the zero

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.

EUR/USD Today's support: - 1.4798 and 1.4760(main), where correction is possible. Break would give 1.4726, where correction also may be. Then follows 1.4692. Break of the latter would result in 1.4672. If a strong impulse, we would see 1.4648. Continuation

The estimated test of key resistance range levels was not confirmed and activity fall of both parties as the result of previous trading day gives grounds for preservation of trading plan made before almost intact. Namely, we can assume probability

Pound/Dollar also climbed on Thursday, from the 1.6475 bottom to the 1.6638 peak, closing the day at 1.6581. On the 3 hour chart the formed triangle was technically broken upwards, indicating a potential strengthening of the bulls towards next objectives

The yen rose for the first time in three days against the euro on concern a U.S. report today may show the nation's jobless rate climbed to a 26-year high, boosting demand for the Japanese currency as a refuge. Japan's

The euro versus dollar pair attempted to achieve more bullish movements yesterday evening, where the pair faced resistance levels that could possibly could form a resistance line of a bearish channel channel that might prevent it from upside resumption as

EURUSD Comment: Indecision with yesterday's 'doji' candle. Bullish pressure might increase fractionally if we hold above the 50-day moving average at 1.4700.

A negative divergence appears on Stochastic may be capable of activating the CD leg of a harmonic pattern as seen on the provided four-hour chart. Hence we keep the potential bearish scenario of the short term Elliott sequence which is

The euro holds steady and yesterday's range has been 30% tighter than average but the 100 points gain was just enough to close above 1.4850 which is an important bullish confirmation, hence short-term sentiment turning positive. Intra-day studies are also