EUR/USD: This market has been moving steadily in the...
The Monthly is in a down ABCD swing and the Daily is also in a down ABCD swing. However, since the Daily chart is too close to hitting the down D extension I shall stand aside and wait for the D to be hit and then for a brand new down ABCD swing ...Continue Reading
The Foreign Exchange rates at which large international banks quote other large international banks.
A term used in technical analysis indicating a specific price level above which a currency is unable to cross. Recurring failure for the price to move above that point produces a pattern that can usually be shaped by a straight line.