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FTSE The FTSE is pushing lower once more this morning, with price breaking below the crucial 6767 mark. That provides us with the confidence that the short term trend is set to continue and as such,
EURUSD EURUSD is rallying through the crucial 1.1230 resistance level this morning, providing us with another higher high on the four hour chart. This provides us with a good overall perspective to show that the current
FTSE 100 Having shot higher for two days, the index is entering a period of consolidation, with the potential for downside support at 6600 and then 6500. Although the index has moved sharply higher, with new
EURUSD has begun to turn lower, having rallied into the 76.4% retracement yesterday. It is clear that we remain within a clearly defined downtrend throughout May so far and thus we would need to see an
EURUSD continues to grind higher EURUSD is breaking through the key resistance at 1.1230 this morning, which provides a bullish short term signal. This is no doubt a countertrend move, yet the retracement higher seems likely
GBPUSD The shallow pullback in GBPUSD has meant that losses have been contained, and for now the $1.44 area, and the 100-day SMA nearby have acted to constrain further downside. A push above $1.45 is needed
GBPUSD Yesterday’s disappointing manufacturing PMI reading set the stage for losses in cable, and with the failure to break $1.4670 once again it looks like the pair is in for an extended move lower on the
INDICES FTSE 100 After Monday’s defence of the 6240 area, and yesterday’s tight session, we wait to see which side has the strength to establish a direction. With the price still stuck below 6340 it looks
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