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GBP/USD Technical Analysis – Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern and clearing falling trend line resistance set from early May....
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...
US Dollar Technical Analysis– Prices moved lower as expected, with prices taking out support at the 23.6% Fibonacci retracement (10764) after completing a Bearish Engulfing candlestick...
THE TAKEAWAY: The US Dollar looks likely to weaken further after prices broke below the first layer of key technical support. The SP 500 continues to...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) was threatening a break below crucial May support, opening the door for further losses...
US Dollar Technical Analysis– A recovery from channel support proved short-lived as expected, with prices now testing below the formation bottom (10791) to challenge the 23.6%...
USD/CHF Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern, with sellers testing below support at the 38.2% Fibonacci retracement (0.9596)....
EUR/GBP Technical Analysis – The formation of a Triangle chart preceded a breakout higher, as expected. Buyers now aim to challenge the 23.6% Fibonacci expansion at...
USD/CAD Technical Analysis– Prices put in a bearish Dark Cloud Cover below the 1.04 figure, warning a move lower may be ahead. Negative RSI divergence seems...
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....