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EUR/JPY Technical Analysis– Prices declined as expected, taking out support at 131.65 marked by the 14.6% Fibonacci retracement to expose the 23.6% level at 130.34. Continued...
GBP/JPY Technical Analysis– Prices are testing below support at 152.30, the 23.6% Fibonacci retracement, with a break downward on a daily closing basis exposing the 38.2%...
AUD/USD Technical Analysis– Prices broke support in the 0.9682-95 area, marked by the June 1 daily close and the 23.6% Fibonacci expansion. Sellers now aim to...
NZD/USD Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern above support at 0.8052, the November 16 2012 low, hinting a move higher is ahead....
USD/CAD Technical Analysis– Prices advanced as expected after putting in a bullish Morning Star candlestick pattern above support at a rising trend line set from mid-September...
GBP/USD Technical Analysis – Prices declined as expected after putting in a Shooting Star candlestick below resistance at the top of a rising channel set from...
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. Sellers broke initial support at 101.84, the 14.6% Fibonacci retracement, and...
EUR/USD Technical Analysis– Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. Initial resistance is at 1.2972, the 23.6% Fibonacciretracement. A break above...
THE TAKEAWAY: The US Dollar technical positioning warns that prices are vulnerable to a downward reversal after touching the highest level in nearly three years last...
The reversal in the crowded long equities / short Yen trade influenced larger USD trade in general, especially the USDCHF. The 8 month bullish pattern is...