After managing to exceed the latest high by a measly 15 pips, the euro immediately dropped to retrace all of the day’s advance, and then continue even below the trading range of the day before. On the daily chart, this is represented by a candlestick …
EURUSD 28th February, 2019 Continue to charts & full analysis »
Cable climbed to a higher high in line with the idea that a top has yet to be registered. We will continue to look for higher highs as long as Cable remains above the main hourly count’s invalidation point.
The euro is clearly having quite a bit of trouble trying to pierce through the trend-line support, established by the rising swings of the current corrective advance. On the other hand, price barely managed to poke above the mid-line of the channel, let alone come …
EURUSD 27th February, 2019 Continue to charts & full analysis »
The advance above the main count’s invalidation point, confirms the alternate outlook. Today’s main count suggests that Cable’s rally has entered its late stages and that a top should be just around the corner.
As expected the euro continued moving toward the upside and has come 4 pips short of reaching our target. Whether or not this corrective advance is over remains to be seen. That said, the underlying weakness of the rally and the general tendency of our …
EURUSD 26th February, 2019 Continue to charts & full analysis »
Moving slowly and with apparently no real intent, the euro came very quickly to hitting our confirmation point, but it hasn’t reached it (much less its associated target) just yet. The analysis remains exactly the same for yet another day.
Not much to add here. To recap, Cable inched down in line with the bearish outlook. We still want to see an impulsive decline below the main hourly count’s confirmation points to gain confidence in the bearish interpretation. On the upside, it would take a …
GBPUSD 22nd February, 2019 Continue to charts & full analysis »
The euro nothing other than fluctuating within a very tight range of less than 40 pips, leaving our last analysis almost exactly the same.
Cable inched down in line with the bearish outlook. We still want to see an impulsive decline below the main hourly count’s confirmation points to gain confidence in the bearish interpretation. On the upside, it would take a push above the alternate hourly count’s confirmation …
GBPUSD 21st February, 2019 Continue to charts & full analysis »
As expected the euro has been moving generally toward the upside, and it has already reached and exceeded our first target. It appears that price is still headed toward our second upward target as well. The labeling on the most recent price action is not …
EURUSD 21st February, 2019 Continue to charts & full analysis »
