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USDCAD: The CAD slide is losing temporary momentum. Utilizing the Relative Strength Index (RSI) on the daily chart we can see that the RSI is sloped downwards and moving below the 70 range (see blue arrow). Below a 70 reading and with an RSI sloped down suggests momentum is beginning to slow. Howeve...

GBPUSD: The GBP is still holding up quite well after finding Support at 1.43. Lows several times traded below 1.4250 but were always pushed back up. We are noticing a number of long wicked candles including 3 Doji's over the last 5 sessions. Both of these observation suggest a true lack of direction...

Every trend goes through a period of consolidation or burn out. The simplest way to identify consolidation is to observe when prices action move sideways instead of directionally up or down. The longer that period of consolidation lasts, typically the more pronounced the ensuing breakout will be. It...

Every trend goes through a period of consolidation or burn out. The simplest way to identify consolidation is to observe when prices action move sideways instead of directionally up or down. The longer that period of consolidation lasts, typically the more pronounced the ensuing breakout will be. It...

Every trend goes through a period of consolidation or burn out. The simplest way to identify consolidation is to observe when prices action move sideways instead of directionally up or down. The longer that period of consolidation lasts, typically the more pronounced the ensuing breakout will be. It...

AUDUSD: We have been analyzing the commodity currencies fall from grace since the global sell off began a mere 2 weeks ago. The AUD which had been trading very bullish against the Greenback since early February has plummeted through the 50, 100 and 200 day MA's. We commented that .8625 was holding k...

Every technician has their take on not only how to measure the velocity of price, but whether longs and shorts move at the same speed when they rise and fall. We are of the school of thought that believes shorts will invariable fall faster than longs. Look at the macro chart perspectives below. One ...

AUDUSD: Commodities, and in particular Oil, has sold off. The Aussie, takings its place amongst the commodity linked currencies has also dropped drastically during this global market sell off. It went from finding near term Support above the 50 day Moving Average (in green) to crashing straight thro...

EURUSD: The EUR has been under pressure lately, but is bouncing off lows after touching an intra day low just north of 1.31. The 50 day moving average will act as strong Resistance for the EUR. However, a close above the 50 day MA coupled with a close above the 23.6% Fibonacci Retrace at 1.36 may ha...

GBPUSD: We spoke about the Pound in our analysis yesterday. Current Spot is holding below the 50 day moving average. At 1.5173, the Pound is clearly back in range bound territory versus the Greenback. To measure the strength of the move we have added the Relative Strength Index (RSI) to the bottom p...