Author Archive

• USDCHF Extends Downside Fall
  gregmikefx, June 1st, 2011 at 10:47 am, Comments: 0

  The $USDCHF has moved lower and has moved back into the channel. The target becomes the 0.8385 level now (see chart below).  The level where [...]

• NZDUSD Keeps Bullish Bias
  gregmikefx, May 31st, 2011 at 10:12 am, Comments: 0

  The $NZDUSD surged higher today after consolidating during holiday trading on Monday.  The pair continues to make new highs and although the headwinds exist from [...]

• From The Charts – USDCAD
  gregmikefx, May 31st, 2011 at 9:50 am, Comments: 0

  The Bank of Canada (BOC) met this morning for their monetary policy meeting. Although the BOC reiterated its assessment that the higher Canadian dollar was a headwind, the $USDCAD [...]

• USDCAD Maintains Firm Support
  gregmikefx, May 30th, 2011 at 10:39 am, Comments: 0

  The Canadian GDP on a quarterly annualized basis came in a touch weaker than expected although the month-over-month (MoM) was a bit better.  What balanced [...]

• USDJPY Does Not Like Housing
  gregmikefx, May 27th, 2011 at 10:46 am, Comments: 0

  The $USDJPY fell sharply on the back of the much weaker pending home sales. The price has bottomed above the low for the day and [...]

• EURUSD Bangs Against Yesterday’s Close
  gregmikefx, May 25th, 2011 at 12:18 pm, Comments: 0

  The midpoint of  the day at 1.4059 is the downside support. The 1.4092-98 level (1.4098 is the close from yesterday) is the level being banged [...]

• EURUSD Not Done With Selloff
  gregmikefx, May 18th, 2011 at 9:21 am, Comments: 0

  The $EURUSD took another step lower after holding up against support at the 1.4217 area in the early NY session. The move below the level [...]

• GBPUSD Tests 100-Day Moving Average
  gregmikefx, May 18th, 2011 at 7:58 am, Comments: 0

  The $GBPUSD has not been below the 100 day MA since January 12th 2011. Look for buyers against the area with a stop on a [...]

• EURUSD Makes New Lows
  gregmikefx, May 11th, 2011 at 12:54 pm, Comments: 0

  The $EURUSD has extended to the downside and looks toward the low at 1.4150. The level is the 38.2% of the 2011 low to high [...]

• EURUSD Consolidates Then Surges Higher
  gregmikefx, May 10th, 2011 at 11:10 am, Comments: 0

  The $EURUSD consolidated with the ceiling above at the 1.4856 area, but failure to move through intraday support against the 100 bar MA (blue line [...]