The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying.
By Jamie Saettele | Dec 10 | DailyFX
The 4H EUR/GBP chart shows a market breaking below a rising wedge to start this week.
By Fan Yang, CMT | Feb 02, 2012 | FX Times
The EURGBP, much like the EURUSD, is at a crossroads. The decline from 8975 has unfolded in 5 waves, which ultimately favors the downside - resistance is 8800/50. A break below 8610 would shift focus to the trendline extended off of the 2010 and 2011 lows.
By Jamie Saettele | Jun 16, 2011 | DailyFX
Taking a step outside the markets, we at FXTimes want to wish you and yours a wonderful holiday season, and a brilliant new year! During this time fo the year, the market is likely going to be in thin trading. Big moves can occur, but they may not carry as much weight as moves during heavy trading. Let's take a look at some upside and downside scenarios for the currency markets.
By Fan Yang | Dec 25, 2010 | FX Times
The Euro rose across the board on Friday helped by its leaders' positive response to creating a facility to safeguard its nations from debt issues like Ireland's, but a rating downgrade by Moody's on the troubled country dampened the sentiment, limiting gains by the single currency.
By Boby Michael | Dec 17, 2010 | IBTimes
Forex Video Technical Update 12/13/2010 - USD Recededs; Euro Rebounds USDJPY, USDCHF, NZDUSD, Gold, EURUSD, GBPUSD, EURGBP, EURCAD, EURAUD
The Greenback is still in the crossroads. The rally attempt last week could not extend past important levels in USD-crosses and its November strength remains questionable. The Euro also looks to have stabilized a bit and shows strong reversal price action today, suggesting that the panic mode is over, and a restoration of confidence in the European Union.
By Fan Yang | Dec 14, 2010 | FX Times
The GBP/JPY shows bearish continuation. The market is at the moment traveling from the 131.00 pivot towards the 129.90/130.00 area. If there is a bounce when the market reaches this pivot, look for it to find resistance at 131.00. The current swing with a 100% projection of the previous swing targets 128.80. Note that the 129.50 level is 61.8% retracement. So the ability to reach 128.
By Fan Yang | Nov 30, 2010 | FX Times
After a very quiet session in NY, more of the same was expected in Asia but it has been livelier than expected with EUR buying the main factor.
Nov 19, 2010 | FastBrokers House
# 4H and Day: The EUR/GBP continues to rally. The day chart shows we can be in a wave 3. The 4H chart shows possible internals, but the most important thing for me is the RSI breaking back above 60 after failing to break below 40 showing bullish continuation. # The RSI in the daily is also threatening to continue.
By Fan Yang | Oct 21, 2010 | FX Times
The parity well continued its bullish movement, breaking the resistance at 0. The parity just tested the next resistance at 0.85 but without breaking it. We maintain to trade only long positions as far as 0.8450 is support. The breakout of 0.85 will give a new buy signal. The next resistance is at 0.8550.
Sep 22, 2010 | Forextribe
Forecast for EUR/GBP
Sep 09, 2010 | Mataf