A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$USDJPY (8.5.2013)
Read MorePair is showing 5 swings down from 99.95 peak which makes 99.17 the connector. While below 99.17, expect a test of 97.55 – 97.85 zone to complete wave (( a )) before a corrective pull back in wave (( b )) and lower again. In the unlikely event 99.17 breaks before pair makes a new […]
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$EURAUD (8.1.2013)
Read MorePair is in wave ( iv ) pullback ideal support for which is 38.2 fib (1.4667). Expect this level to hold for continuation higher in the pair. As wave structure is bullish, we are only looking to buy dips and don’t like selling into the corrections.
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$EURAUD (7.31.2013)
Read MoreMove up in the pair continues to extend and though the structure doesn’t look like a very pretty impulse, we like more upside in the pair. Short-term support lies between 1.4594 – 1.4667 and price should now stay above 1.4477 previous peak as it continues higher. We don’t like selling the pair into corrective swings […]
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$GBPCHF (7.30.2013)
Read MorePair has extended the move lower which is best labelled as a triple corrective structure. While below 1.4310 expect a test 1.4123 to complete wave X before the pair turns higher again. We don’t like selling the pair at such a late stage in the cycles.