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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...
Pivot: 98.45 Our preference: Short positions below 98.45 with targets @ 97.2 96.55 in extension. Alternative scenario: Above 98.45 look for further upside with 98.95 99.6...
GBP/JPY Technical Analysis– Prices put in a Bearish Engulfing candlestick pattern below resistance at 153.85, the April 11 swing high, hinting a move lower is ahead....
EUR/JPY Technical Analysis– Prices broke support at 128.18, the 23.6% Fibonacci retracement, exposing the 38.2% level at 126.37. A further push beneath that aims for the...
USD/CHF Technical Analysis– Prices pulled back as expected after putting in a Shooting Star candlestick below resistance at 0.9478, the 50% Fibonacci expansion. Sellers are now...
USD/CAD Technical Analysis– Prices are correcting lower from resistance at 1.0284, the 38.2% Fibonacci expansion, to retest below the top of a formerly broken falling channel...
AUD/USD Technical Analysis– Prices are challenging the 23.6% Fibonacci expansion at 1.0330. A break above that aims for the 38.2% level at 1.0399. Near-term support is...
NZD/USD Technical Analysis– Prices are bouncing from support at 0.8387, the 23.6% Fibonacci retracement to test above the 14.6% level at 0.8497. A break above that...
GBP/USD Technical Analysis – Prices broke above resistance at 1.5408, the 38.2% Fibonacci retracement, exposing a rising channel top at 1.5540 and the 50% level at...
USD/JPY Technical Analysis– Prices recoiled from resistance below the 100.00 figure to test support at 97.79, the 23.6% Fibonacci retracement. A break below this barrier initially...