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Further Weakness in GBP on Poor Housing Numbers
U.K. home sales slumped for the month of October - declining to the lowest level in three decades while home prices continue to fall. Last week the Bank of England cut the benchmark interest rate to 3% - the lowest since 1955, in an effort to boo
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USD/CHF Volatility Breakout on the Horizon
Pressure building up in the USD/CHF horizontal channel between the near support of 1.1710 and the multiple top resistance level of 1.1804.Recent upmove is also contained within the larger upward sloping channel displayed in the chart.
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Weekly Fundamental Recap
In the midst of the global economic crisis, the US Dollar and the Yen gained the most against the Euro since it's inception in 1999 - as investors made a flight to safety. The dramatic turnaround comes of the heels of the Euro reaching it's recor 7
USD/CAD at the Crossroads
Looking at USD/CAD, we can see a major bullish SMA crossover on the daily (50 SMA crossing 200 SMA). Price is trading within a major symmetrical triangle, and the minor symmetrical triangle within it provides near resistance to the upside. Moment 7
NZD/USD Symmetrical Triangle
Looking at the daily NZD/USD we can see pressure building along the lower trend line of the symmetrical triangle -beneath we have support at the double bottom in the 0.7369 area - adding to the bear case we are trading below the 200 period SMA an 5
EUR/USD Bull Flag
Looking at the daily EUR/USD chart we can see a bull flag has formed.Bull flags are defined by lower tops and lower bottoms, with the pattern slanting against the trend.
Price is currently pressed right up against the upper flag trend lin
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USD/CHF Bull Flag
Looking at the daily chart - having retraced upwards to 50% of the recent major downmove USD/CHF has been consolidating downward in a channel forming a bull flag. It retraced down to 50% of the recent upmove, while oversold stochastics begin to c 5
GBP/USD Trendline Breakout
GBP/USD has broken the major downtrendline and rallied to the 50% level of the recent downmove. RSI remains bullish. The next major 50% retracement level is at 202.61. 
