Forex Analysis
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GBP/USD Review – October 13

The GBP/USD currency pair traded quietly on the first day of the week, as expected. While the euro fell sharply again, the British pound remained stable. The pound has been in a sideways channel for the third week on the hourly (and 4-hour) timeframes, and it is also flat on the daily and weekly charts.
by Jay
Forex Analysis
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EUR/USD Review – October 13

The EUR/USD currency pair moved fairly calmly on Monday, but with a downward bias again. Last week, we saw a brief pause, but that marked the end of the euro's fairy tale. The euro again failed to show even a minor correction.
by Jay
Forex Analysis
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GBP/USD Review – October 12

The GBP/USD currency pair also showed no interesting movement on Friday, which isn't surprising given the lack of drivers. On Friday, the only noteworthy item was the University of Michigan consumer sentiment index, which came in worse than market expectations but did not create serious problems for the dollar.
by Jay
Forex Analysis
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EUR/USD Review – October 12

The EUR/USD currency pair remained in place throughout Friday, as it has for the past several days. The downward impulse faded, but is it final? Recall that when traders begin to abandon a given direction, profit-taking on previously opened positions begins.
by Jay
Forex Analysis
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GBP/USD Review – October 9

The GBP/USD pair on Thursday again tried to resume its decline and has found itself at a triple bottom. We believe the technical picture for the pound is not just interesting — it's almost epic. Sideways channels have formed simultaneously on three timeframes, and in each case price dropped to the lower boundary of those channels.
by Jay