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”Pair is showing a 5 wave impulsive drop from 1.0582 peak. Decline is lacking momentum as every new low is coming with divergence in RSI which...
GBP/JPY Technical Analysis– Prices are testing support at 150.08, the 23.6% Fibonacci retracement, with a break below that aiming for the 38.2% level at 147.74. Near-term...
EUR/JPY Technical Analysis– Prices are testing support at 128.28, the 23.6% Fibonacci retracement, with a break below that aiming for the 38.2% level at 126.53. Near-term...
USD/CAD Technical Analysis– Prices launched higher after showing a bullish Piercing Line candlestick pattern, taking out the 23.6% Fibonacci expansion at 1.0207 to expose the 38.2%...
USD/CHF Technical Analysis– Prices are pushing higher as expected after putting in a Bullish Engulfing candlestick pattern above the 0.92 figure. Buyers are aiming to challenge...
AUD/USD Technical Analysis– Prices turned lower as expected, with sellers now testing support at 1.0224 marked by the 76.4% Fibonacci retracement. A break below that aims...
NZD/USD Technical Analysis– Prices broke downward after putting in a bearish Dark Cloud Cover candlestick pattern. Support is at 0.8387, the 23.6% Fibonacci retracement, with a...
GBP/USD Technical Analysis – Prices are testing below support at the bottom of a rising channel, with a break downward on a daily closing basis exposing...
USD/JPY Technical Analysis– Prices are pulling back from resistance near the 100.00 figure to approach support at 98.20, the 23.6% Fibonacci retracement. A break below that...
ASIA/EUROPE FOREX NEWS WRAP Over the weekend, we heard from People’s Bank of China Governor Zhou Xiaochuan, who painted a dourer outlook for the world’s second...