Activity

  
Avatar

Calming Expected for EUR/GBP

The EUR/GBP has been on a tear. The pair has gained over 800 pips since the start of December of last year. The EUR/GBP is now up in all of the past three months. The trend, as shown on the chart below, is unmistakeably up.
But cracks are already starting to show. First, after reaching a high of 0.7896 on February 11th, gains have been luck-luster. We are currently quoted at 0.7814, below those highs. Furthermore, the daily RSI peaked in late January and has since started to trend down, as can b…
Read full story
Translate to English Show original
Avatar

More of the Same for Singapore Dollar

The USD/SGD is in an odd spot. After rallying as much as 2,000 pips since the middle of August 2014, the pair topped this January and we've been range-bound ever since.The trend for the weekly chart below is clearly up.
But contrast that with the daily chart below. We opened September of last year at 1.4106. We are currently trading at 1.4041, only 65 pips or down by 0.5%. For a period of 6 months, this move is statistically insignificant.
Furthermore, by using the Dukascopy percentage line tool…
Read full story
Translate to English Show original
Avatar

Complete V-Reversal Shows Market Sentiment

The Euro had a wild ride in February. First we rallied by over 500 pips only to come crashing down and almost erase all of the gains. We are currently quoted at 1.0884, this compares to a month open at 1.0828. The bulls have barely made any progress despite taking the pair as high as 1.1375 on February 11th.
On a long-term monthly chart, we can see why February is so significant. Prices formed a dragonfly doji. While normally a neutral pattern, this strong V-shaped reversal in a longer downtrend…
Read full story
Translate to English Show original
Avatar

A Neighborly Tie

The AUD/NZD has spent the last few months forming an ever narrower range. On the chart below we can see that prices have formed a triangle pattern.
While this formation will eventually result in a breakout, we're not there yet. On a lower time-frame we can see that the pair remains locked in this range, with moves higher followed by moves lower.
Neither the trend on the higher TF nor the momentum on the lower TF suggest anything but more of the same. Thus I'm betting on 1.0819, close to the curr…
Read full story
Translate to English Show original