Trend Recognition

USD/JPY: 103.26Short-Term Trend: sidewaysOutlook: Last week the daily chart was looking more bullish that it looks now even thouth the prices are now higher. The US dollar advanced strongly to 104.12,...

GBP/USD: 1.6637 Short-Term Trend: weak uptrend Outlook: The GBP made a low at 1.6465 on Monday and rallied strongly toward the 1.6650 Fibo level at the end of last week. My long idea from a week ago...

EUR/USD: 1.3793Short-Term Trend: weak uptrendOutlook: EUR found resistance just abv the 1.3921 Fibo level and pulled back last week. So far the pullback has found support at the small trendline drawn...

USD/JPY: 101.34Short-Term Trend: weak downtrendOutlook: A week ago the outlook was bullish but the pair failed to hold above the 102.45 level and declined sharply on Thursday and Friday of last week....

GBP/USD: 1.6711Short-Term Trend: uptrendOutlook: GBP continues to consolidate above the rising 21-day moving average and that is bullish. We need a firm move above 1.6820 however to confirm the next...

USD/JPY: 102.47 Short-Term Trend: sideways Outlook: Our bearish view from last week did not play out as the market spent the entire week trading in a tight range between 101.40 and 102.80. I have...

GBP/USD: 1.6746 Short-Term Trend: Uptrend Outlook: A very important event happened last week. GBP rallied much stronger than expected and then moved above the 1.6740 level. That way it completely...

EUR/USD: 1.3634 Short-Term Trend: Sideways Outlook: The market traded slightly above 1.3470 level before it rallied strongly at the end of last week. Thus, our working wave count remains intact...

Short-Term Trend: weak uptrend Outlook: GBP rallied to 1.6667 (just abv the 1.6648 Fibonacci level) and pulled back sharply. So, we now have a key reversal day from last Friday. And that means that...

EUR/USD: 1.3541 Short-Term Trend: weak uptrend Outlook: Contrary to our expectations the EUR declined last week. That means that either wave E from the July 2013 low has ended (this wave E is...

GBP/USD: 1.6332Short-Term Trend: weak uptrendOutlook: Contrary to our expectations the GBP rose to new highs for this leg, but then pulled back by the end of the week. So, we maintain our expectations...

EUR/USD: 1.3739Short-Term Trend: uptrendOutlook: Last week we had the feeling that the EUR would rise despite our bearish expectations at the time. And, indeed the European currency advanced last...

USD/JPY: 102.89Short-Term Trend: uptrendOutlook: The USD/JPY remains in strong uptrend as the prices are firmly above the rising 21-day moving average. That is exactly what one can expect after the...

GBP/USD: 1.6366Short-Term Trend: uptrendOutlook: Here we are, right at 1.6386 Fibonacci level. Now, there is no indication that wave (c) is over and therefore, the immediate pressure remains on the...

EUR/USD: 1.3557Short-Term Trend: Weak uptrendOutlook: Our short strategy from 1.3520 was elected last week as the euro rallied above the 1.3520 level. The wave structure still suggests a move down...

GBP/USD: 1.6015 Short-Term Trend: weak uptrend Outlook: The GBP has been in sideways consolidation since early October and the price pattern looks like a Contracting Triangle as shown on the...