I see, yes I agree with you Dano, a 4th failure at the identified resistance area would trigger a significant fall, but at the moment I don't see any reason for the current 15 minute trend to be broken and I fully expect price to test the 15,660 area ...

Cable Update (GBPUSD)

Hi Dano, my apologies but I do not understand what your saying with your chart ?

Cable Update (GBPUSD)

Bought on break of 0.00% fib. Target is 127% fib extension, being previous resistance. Have a feeling though we are going to push beyond that today as well.

Cable Update (GBPUSD)

short @12,355 some structural weakness identified today, coupled with some strength shown in other crosses, good data for GBP and the bounce in light crude, targeting the 12,320 area for apx 30 pips.

USD/JPY Discussion

wow the powers that be sure don't want this pair to rise in price thats for sure. Just looking at the fall right back down again from todays high. What a dog of a pair this is.

AUD/USD

The momentum behind the downtrend has been considerable, this pair won't turn around quickly, but it will turn, it will be one of those charts that creeps up without notice and without any worthy notification from indicators

AUD/USD

There could well be a good sell opportunity, into the 32.8% (12,290) especially given todays bearish momentum.

USD/JPY Discussion

Break below the 32.8 could see a further decline to the 61.8, but would you want to short the dollar !!

USD/JPY Discussion

Considering going long on the 15 minute chart, which is approaching the 12,290 area, being the 38.2% re tracement of the impulse leg that commenced on June 8. On July 10, this same area, 12,290 was resistance. Will try and post a chart up

USD/JPY Discussion

Hello moonhead. Just remember there are no experts on here, rather a group of people passing opinion, some based on well researched information and unfortunately others on plain BS. What i would say to you is ask yourself the question, what trend is ...

AUD/USD

Thanks for that link super

AUD/USD

I broadly agree with this, but currency markets have a habit of shrugging off fundamentals. Looking at the daily, just look at that projection lower from 5th july, it just doesn't look right and undoubtedly this pair is being held down by the powers ...

AUD/USD

CPI forecast of 0.8% from 0.2% is a considerable difference and if it does actually come in at that level, that could well fuel the reversal into a bull trend.

AUD/USD

Im not convinced by this, I consider it may well be the other way around !

AUD/USD

Its a good point. What i would suggest is that people look at the monthly chart trend line. We have dipped below, but that is no different to the last occasion price touched the monthly trend line in that it dipped below briefly followed by a strong ...

AUD/USD

Wow, this has surprised me.

AUD/USD

Hi Raiders, just be mindful of the bullish flag pattern forming on the 15m chart, could very well pop to the upside.

AUD/USD

I'm surprised we reached 76 again.

AUD/USD

While its in a run of making higher highs and higher lows, il remain long.

AUD/USD

Should hit the 127 fib extension from the low on June 28 of 7587, which comes in at 7745 area. Take profit there and buy back in on fall back

AUD/USD