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NZD/USD Technical Analysis – Prices broke higher as expected. The bulls have now cleared resistance at 0.8061, the 38.2% Fibonacci retracement, exposing the 50% level at...
EUR/GBP Technical Analysis – Prices rebounded as expected after putting in a bullish Piercing Line candlestick pattern above support in the 0.8583-90 area marked by a...
US Dollar Technical Analysis– Prices overturned a bullish Morning Star candlestick pattern identified yesterday, recoiling from falling trend line resistance set from the July 8 swing...
THE TAKEAWAY: The US Dollar was swiftly rejected at trend line resistance following a recovery attempt. The SP 500 continues to look for direction near the...
GBP/USD Technical Analysis – Prices failed to show immediate downside follow-through aftercompleting a bearish Evening Star candlestick pattern identified yesterday, but the setup remains technically valid...
USD/JPY Technical Analysis – Prices are consolidating below falling trend line resistance set from late May. Initial support is at 98.56, the 38.2% Fibonacci retracement, with...
EUR/USD Technical Analysis – Prices invalidated a Harami candlestick pattern identified yesterday, pushing upward to take out resistance at 1.3259 marked by the 76.4% Fibonacci retracement....
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? Commodity Analysis: No change – “Parallel channel support is...
Hourly Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? FOREXAnalysis: “The USDJPY range has been tightening for 3...
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? FOREXAnalysis: “The USDCAD has traded sideways all week in...