The Pattern, Price & Time Report

Last week the September British Pound ran into resistance at 50% of the break from 1.6276 to 1.5266. This price level is 1.5774 with the high reaching 1.5773. Additionally, the market also tested a...

Following a sharp break on Thursday, the September Canadian Dollar is currently testing an uptrending Gann angle from the .9554 bottom at .9694. In addition to this angle, the market is checking the...

The September Japanese Yen turned its main trend to down on the daily chart when the market broke through the last main bottom at 1.2547. This triggered an acceleration to the downside with traders...

Technically, the September Swiss Franc is trading on the weakside of the retracement zone formed by the June 1 bottom at 1.0280 and the June 15 top at 1.0902. This zone is 1.0591 to 1.0618. It may act...

The U.S. Dollar rose sharply on Thursday as traders shed riskier assets for the safety of the Greenback. Fears of a global economic slowdown because of weakness in China,Germanyand the U.S.helped put...

The U.S. Dollar is extending gains against the September Japanese Yen this morning after weak U.S. economic data pressured riskier assets. Heavy selling in the global equity markets is sending traders...

The weekly August Natural Gas futures chart indicates that the market is moving closer to turning the main trend to up. This is something that natural gas hasn’t experienced since last summer....

After confirming the weekly closing price reversal top at 1.0446, the USD CAD is now on track to complete a 50% retracement of the rally from .9799 to 1.0446. This price level is 1.0122. Additionally,...

On Tuesday, the Nearby euro futures contract took back its gains lost earlier in the week, giving it a solid gain for the week. As we approach the mid-point for the week, the euro appears to be poised...

The September euro rallied overnight after initial Greek election results seemed to indicate a win by the pro-bailout, pro-euro party. The euphoria died quickly however as the air was let out of the...

The Weekly Nearby euro closed up for the second consecutive week. The up move was subtle, however, indicating that it was probably more short-covering than new buying. The trading action also regained...

The Daily June euro chart continues to reflect the uncertainty in the single currency with the market currently bounded by a closing price reversal bottom at 1.2288 and a closing price reversal top at...

A possible upside target is emerging in the Australian dollar/U.S. dollar as the weekly chart is indicating that despite all the bad economic news, the market wants to move higher. The move has been...

The June Euro futures contract is posting a slight gain this morning. The gains are being attributed to the favorable Spanish auction. Talk of possible aid from the European Central Bank and a...

Rumors that the European Central Bank will announce measures to battle the debt crisis in Spain and Italy spurred a turnaround in June Euro futures this morning. After reaching a low at 1.2358, the...

Barring a massive buying spree or short-covering rally, the Nearby Euro futures contract is expected to finish the week sharply lower and in a position to continue its sell-off next week. This week,...