Trend Recognition

USD/JPY: 97.41Short-Term Trend: sidewaysOutlook: The USD/JPY declined below 97.50, and our long idea was stopped out. However, the prices have remained above the key 96.55 support. Therefore, both the...

GBP/USD: 1.6164Short-Term Trend: uptrendOutlook: As expected GBP broke below the lower trendline of the channel drawn on the chart. But, this breakdown was very brief and remained far above our...

EUR/USD: 1.3538Short-Term Trend: UptrendOutlook: An EUR pulled back towards the 21-day moving average (the red line on the chart) last week and bounced from it. That keeps the Short-Term uptrend...

USD/JPY: 97.45Short-Term Trend: sidewaysOutlook: The market declined bigger than expected but the Contracting Triangle scenario from the May 2013 top remains valid and is still my top wave count here....

GBP/USD: 1.6137Short-Term Trend: uptrendOutlook: The market remains in strong uptrend and we still cannot confirm the completion of second wave (a) within the Double Zig-Zag from the early Sept low....

EUR/USD: 1.3521Short-Term Trend: uptrendOutlook: The market opened with a gap up last Monday and thus confirmed that wave (c) of F had already ended. The subsequent rally above 1.3415 (the mid-August...

USD/JPY: 98.68 Short-Term Trend: sideways Outlook:Our analysis is now in serious question here as USD rose to 99.14 last week. That's the maximum allowed under the presented wave count. So, if my...