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Author Archives: Forex Crunch

GBP/USD slips below critical support – 3 political reasons

The British pound continues suffering and drops below the critical support line of 1.4050, a double bottom in recent weeks. If confirmed, the pair has potential for a free fall, perhaps all the way to challenge the 6 year lows of 1.3840. Here are 3 reasons for the fall of the ...

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Elliott Wave Analysis on USDCAD and USDJPY

USDCAD USDCAD fell to a new low last week after wave four circled has accomplished a corrective pullback at 1.3299. From there we have seen a nice impulsive decline which looks like wave 5-circled, the final leg of a big bearish five wave fall so traders have to be aware of a bottom formation in The ...

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EURUSD Daily Analysis EURUSD (1.13): EURUSD continues to form small bodied candlesticks near the top end of the recent rally. The current pause is likely to see some consolidating ahead of the uptrend being resumed. 1.130 broken resistance could be tested for support...

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USDJPY slides

The brief push below the 110 level on USDJPY yesterday takes it to an 18 month low and has spurred on chatter that the BoJ may choose to intervene to weaken its currency. The price action in the market suggests that currently this is...

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Fed minutes eyed – Live Market Open from 7:00 GMT

A turbulent Tuesday full of indicators was seen in markets and now the calendar cleans up to the main dish: the Fed meeting minutes. The world’s No. 1 central bank has markets waiting. Join me for a live market open, hosted by FXStreet: walking though recent developments and...

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EUR/USD: ‘Torturing The Bears’: What’s Next? – BofA Merrill

EUR/USD is off the highs but also refusing to fall. What’s next? The team at Bank of America Merrill Lynch explains how markets are torturing the bears: Here is their view, courtesy of eFXnews: Themes: the Fed in the driver’s seat. Our last report argued that the March ECB meeting would be the...

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