Forex Investment and Currency Trading

Analysis – Daily Chart
GBP-USD has broken below the 1.4355 key low, triggering a bear flag that targets 1.25 on a minimum measure. Daily momentum indicators are flat to bearish, but the RSI is showing some clear bullish divergence as the new lows in this move in GBP-USD are not being followed by the RSI indicator. The consolidation through October/December though looks like a falling wedge pattern, with the slide in spot through support leaving the bear trend to extend. Targets on a simple Fibonacci extension (taken from the 2.0155 to 1.4355 down move, extended lower from the 1.5372 high of [...]

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AUDNZD looks to be breaking out of its 1-month consolidation and setting up for the next leg higher. How far can it go?

A simple measured move target equal to the last impulsive rally (1.0626-1.2280) off the 1.1642 low would suggest around 1.3300. If viewed as an inverted head and shoulders with a neckline at 1.2247 the target would be around 1.3950.
It is now threatening to post a bullish outside week.

A pattern that has had a relatively high success rate since 2005

Long-term chart looks very ominous

Firstly, how many people know that AUDNZD was above 1.76 in 1984????
2ndly, at 2.02 in July [...]

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For the reasons listed below we are becoming increasingly convinced that we may have seen a significant high on EURGBP and possibly the end of a long term bull market.

Clear 5 wave pattern from the lows in 2000.
A Fibonacci projection measured from the lows and the top of wave 3 has picked the recent high almost to the pip (261.8%).
Triple negative momentum divergence on the monthly chart (left) warns that the long term uptrend has run out of steam and is likely to reverse.
The weekly chart shows pair has fallen back below the 1995 high at 0.9020 and a weekly [...]

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USDCAD appears to be forming a large double top. There is also a smaller double top already formed which targets 1.1262 and the large moving average gap suggests the next significant trend will be down.
Target 1: The first, small, double top pattern targets 1.1262
Target 2: The 200 day moving average is at 1.0919
Target 3: Breaching the 200 dma opens the way for the large double top target at 0.9911
Resistance levels are at 1.2261 (55 dma) and 1.2370.

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