Trend Recognition

USD/JPY: 78.47 Very Short-Term Trend: Downtrend Outlook: USD declined without rallying to 79.10 first and thus our short entry point was not elected Friday. As said before, I expect a move toward...

GBP/USD: 1.5347 Very Short-Term Trend: Downtrend Outlook: Yesterday I said the downtrend would likely extend to 1.5260 but still decided to take profits on the hypothetical short position from...

EUR/USD: 1.2345 Very Short-Term Trend: downtrend Outlook: EUR/USD is right at 1.2345 important Fibonacci and chart level. This is the last chance for the EUR bulls to save EUR from entering...

USD/JPY: 79.31 Very Short-Term Trend: Sideways Outlook: USD/JPY continues to trade in very tight range (20-30 points per day). On the face of it, nothing has changed. But the price structure has...

GBP/USD: 1.5573 Very Short-Term Trend: Downtrend Outlook: GBP/USD traded sideways for a day or so and then declined sharply yesterday - in line with our expectations. Now, the hourly downtrend is...

EUR/USD: 1.2456    Very Short-Term Trend: Downtrend    Outlook: As expected EUR continued its decline and easily achieved our target at 1.2470. Now, the hourly downtrend...

USD/JPY: 79.43    Very Short-Term Trend: Sideways    Outlook: The hourly chart remains neutral as the prices are trapped in a tight trading range. This range is not well...