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EUR/JPY Technical Analysis– Prices are pushing higher to challenge falling trend line resistance set from late May, a barrier reinforced by the 38.2% Fibonacci expansion at...
NZD/USD Technical Analysis– Prices are testing support in the 0.7754-86 area marked by a trend line set from August 2010 and the 38.2% Fibonacci expansion. A...
GBP/JPY Technical Analysis– Prices are recovering to challenge resistance is the 151.20-56 area marked by a horizontal pivot in play since late April and the 23.6%...
USD/CAD Technical Analysis– Prices launched sharply higher from support at the bottom of a falling channel set from late May, with prices now testing through the...
GBP/USD Technical Analysis – Prices pulled back as expected after putting in a Hanging Man candlestick below support-turned-resistance at the underside of a rising channel set...
USD/JPY Technical Analysis– Prices advanced as expected after putting in a bullish Morning Star candlestick pattern. The bulls are now testing through a key resistance cluster...
ASIA/EUROPE FOREX NEWS WRAP First, a mea culpa. The past several days I’ve been suggesting that the Federal Reserve wouldn’t cut its QE3 program down from...
US Dollar Technical Analysis– Prices moved lower as expected after putting in a Bearish Engulfing candlestick pattern. The greenback found interim support above a rising trend...
EUR/USD Technical Analysis– Prices turned lower as expected, snapping the rising trend prevalent since mid-May. Sellers are now testing support at 1.3268 marked by the 23.6%...
This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws...