Activity

  
Avatar

USD/JPY

The USD.JPY has been in the uptrend since 2013. It has seen some longer term consolidation, however the declines have been restricted.
Since May it has traded between 120 and 126. And since June the 125.30 has been a strong resistance level. I think it can move further down to test the upward trend line, but should follow the trend line and be on the upward trend in the long run. Of course a lot is dependant on the fundamentals and especially the interest rate decision in the US in September. H…
Read full story
Translate to English Show original
Avatar

GBP/NZD

As we can see on the weekly graph the cable against the kiwi has rallied since mid April. It has risen very steeply from below 1.95 up to over 2.36. It is currently at the highest level since September 2009. We may notice that the level 2.40 has been tested a couple of times in July and in August and it seems to be a strong resistance.
On the daily graph we see the upward trend line from April and that it has been recently breached, but I think this will be temporary and it may just make the t…
Read full story
Translate to English Show original
Avatar

GBP/CAD

On the weekly graph we see that this pair is at the highest level since October 2008. It has been on an uptrend since 2013 and has embarked on an even steeper uptrend since May 2015. It has passed strong resistance levels at 1.92, and 1.9550. Recently it has also tested an important resistance at 2.560.
On the daily graph we see that in recent months it has even accelerated the upward movement. Since July it is trading at a rather similar level and has consolidated. However, with some downturn…
Read full story
Translate to English Show original
Avatar

GBP/USD

Since March 2015 the cable has been on a rather strong uptrend with some steep retracements. Currently it is at a very interesting point. The previous upward trend line has been broken and has been tested from underneath. It can either change direction to downward after the previous line has been tested or continur it's upward trend, but along a new less steep upward trend line.
In the long term we see that the current appreciation is quite abrupt. We see strong support at 1.5270 and 1.4830. T…
Read full story
Translate to English Show original
Avatar

GBP/JPY

The GBP/JPY is currently trading at the highest level since before the financial crisis, September 2008. After a low of over 116 in 2011 it has consolidated between 120 and 130 until the end of 2012 when it has embarked on a consistant uptrend.
In about 3 years it has soared from about 121 to almost 196. It has tested the 196 resistance in June and then dropped quite abruptly and tested support at 185. Afterwards it has appreciated to the current price of 193.74.
On the daily graph we see that…
Read full story
Translate to English Show original
Avatar

GBP/AUD

The GBP/AUD is at the highest level since March 2009. It has been on an upward trend since reaching record low of about 1.44 in March 2013. Since May 2015 it has accelerated it's appreciation and formed an even steeper upward trend line.
We can see that in this uptrend the most important levels are:
Support- 2.10, 2.0290, 2.0240
Resistance- 2.1550, 2.2050
The resistance at 2.1550 has been tested twice in the recent months and in my opinion will not be broken before the begining of October. Inst…
Read full story
Translate to English Show original
Avatar

EUR/GBP

In mid July the EUR/GBP pair has reached the lowest level since late 2007, 0.6940 and has appreciated quite sharply since reaching 0.7160 at the moment. Even though I do not see any clear formation which would indicate a change of trend from the downward to upward, I think that the EUR/GBP has embarked on an upward trend and the appreciation can be quite steep.
The strongest support is of course the 0.6940 level. There is also quite strong one at 0.70. The resistance levels before reaching my t…
Read full story
Translate to English Show original
Avatar

AUD/USD

The aussie is at the lowest level since May 2009. It has reached 1.1070 in July 2011 which was a record high. since September 2014 it is in a strong downtrend and has gone as low as 0.7220. However, now it has rebounded and is close to 0.7320. It is still trading in the downward trend and the closest support levels in the downtrend are at 0.7450 and 0.7540. The resistance levels are 0.7270, 0.7220, 0.7120-40, 0.70, 0.6940. Thus, if the downtrend continues, what I anticipate, there are a lot of r…
Read full story
Translate to English Show original
Avatar

NZD/USD

After testing the all time high at 0.8840 last year in June/July, it has been consistently in the downtrend and the deprciation was extremely steep at times. Like this year since April when trading at over 0.77 and tumbled down to this year's low of 0.6460 at the begining of August.
The closest support levels are at 0.6740 and 0.68 while the resistance levels in the downtrend are at 0.6540, 0.6440 and moving further on donward 0.62.
If we zoom in on the weekly graph we see a flag being formed …
Read full story
Translate to English Show original
Avatar

EUR/USD

The EUR/USD has reached a record low this year at 1.0460 after tumbling down from 1.40 in May 2014. This long term very sharp downward movement was mostly due to concerns about the Eurozone economy. Since May it has rather consolidated within the intervals 1.08 and 1.15. During this consolidation we see that the long term downward trend line has been broken. That's why in my opinion we are now on an uptrend movement since the low this year. In this case the support levels are at 1.11, 1.10, 1.08…
Read full story
Translate to English Show original
Avatar

USD/CAD

The loonie against the US dollar is at it's weakest level since September 2004.
The support levels are at 1.3070, 1.3020, 1.2950, 1.2840 and 1.28.
The resistance levels are at 1.3250, 1.3380, 1.3430, 1.3570, 1.38 and 1.40.
The USD/CAD has been on an uptrend since 2011. Althought there have been some periods of substantial depreciation, the long term upward direction remaind. Since the end of 2012 the appreciation has been accelerating and the upward trend line has been changing into a steeper an…
Read full story
Translate to English Show original
Avatar

USD/PLN

The USD/PLN historically is at rather high levels. We can see a clear upward trend from June 2014.
Recently it moved closer to the trend line, but it seems that this direction will continue. The support levels are at 3.6320, 3.6120, 3.5420 and 3.5220. The resistance levels are at 3.7960, 3.8330, 3.8540, 3.91 and 3.97.
On the daily graph we see a lot of consolidation on this pair this year although the intervals are quite wide. I think we may see some more consolidation ahead, however the it sh…
Read full story
Translate to English Show original
Avatar

EUR/PLN

The EUR/PLN has been trading within the wide range 3.80-4.60 since 2009. Since 2012 it has treded in a narrower range of 3.96-4.43. Since 2012 it has reached a low of 3.9660 in April 2015. Since then it has moved on an uptrend and currently is trading around 4.2430.
Since the low in April it has reached 4.24 and then made a correction down to 4.0920 and appreciated back up to the level of over 4.24.
We can see on the weekly graph the it is currently moving along the upward trend line. The suppo…
Read full story
Translate to English Show original
Avatar

NZD/JPY

We can see on the weekly long term graph that the pair NZD/JPY has had long term and very steep movements in one direction.
This year it has depreciated substantially and sharply. This long term downward direction will most probably prevail.
It is currently trading around a important level of 77.10 which will become either support and resistance. In the downward trend the support levels are 80.40, 86.30, 88.20, 90.00, 91.40, 94.00, 97.70. The resistance levels are at 75.00, 74.40, 72.40, 69.70…
Read full story
Translate to English Show original
Avatar

USD/DKK- high levels and still going up

The dollar against the Danish krona is at historically at high levels and seems to be going even further up. The all time high from March this year is at 7.1260 and currently the USD/DKK is trading around 6.6713.
Since May 2014 it has been on an upward trend and in the begining of this year the appreciation has accelerated leading to a very steep uptrend. After reaching the high of 7.1260 in March it has retreated and consolidated forming the formation of a flag.
Since April it has traded with…
Read full story
Translate to English Show original
Avatar

USD/RUB keeps on going up

The USD/RUB has broken the level of 40 in 2014 and spiked rapidly upwards to reach the record high of alomst 80 in December 2014 and came back down in the same week to around 59. Later on it has still continued to appreciate and formed a local high of 71.80. In 2015 it has had a couple of months of retracement back down to below 49. However, since then it has embarked on the upward trend once again.
In May 2015 it has embarked once again on a very steep upward trend and moved up from under 50 t…
Read full story
Translate to English Show original