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Tag Archives: Support and Resistance

EURAUD daily chart from June 2017 - January 2018

Are EURAUD and EURNZD waiting for their turn?

Both EURAUD and EURNZD have been rangebound since 6 weeks. Their daily and monthly charts paint a compelling picture. Hopefully a driver will come along soon – if the final direction is down, there appears to be room for a big move.

USDJPY 3M chart 1987 - present

6 out of 7 forecasts to get USDJPY wrong?

Out of 7 USDJPY forecasts compiled in the beginning of the year, 6 appear to be wrong. It is 11 months too early to tell but does not bode well. Price takes the path of least resistance – JPY charts suggest this ‘least resistance’ path is down.