View RSS Feed

TechnoMeter

  1. Technical Analysis: USDJPY signs of a major top, AUDUSD reverses at year open and GBPUSD bear channel development

    by , 10-13-2014 at 01:03 AM
    EUR/USD
    Weekly



    -“In keeping with the 3 year cycle tops (2008, 2011, and 2014), EURUSD has collapsed. While the long term wave count points below 1.1875 (and to parity), one cannot ignore how extreme the current situation is and how long that extreme has been in place. Since the inception of the EURUSD, the rate had declined for 8 consecutive weeks once ...