EUR/USD Technical Analysis – Prices recoiled from resistance at a falling trend line set from February, taking out upward-sloping support underpinning the pair from mid-July to...
NZD/USD Technical Analysis – Prices are testing below support at 0.7871, the 23.6% Fibonacci expansion, with a break downward on a daily closing basis exposing the...
EUR/JPY Technical Analysis – Prices broke above resistance at 131.17, the 23.6% Fibonacci expansion, exposing the 38.2% level at 132.30. This barrier is reinforced by the...
ASIA/EUROPE FOREX NEWS WRAP The US Dollar has a big day lined up for it, should a few key data break its way around the start...
Pivot: 1309.00 Our preference: SHORT positions below 1309 with targets @ 1266 1244. Alternative scenario: The upside penetration of 1309 will call for 1328 1339. Comment:...
Pivot: 19.70 Our preference: SHORT positions below 19.7 with 19.1 18.7 as next targets. Alternative scenario: The upside penetration of 19.7 will call for a rebound...
THE TAKEAWAY: The US Dollar renewed its upward push in earnest after completing a bullish reversal chart pattern. The SP 500 has finally managed to clear...
Hourly Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? FOREXAnalysis: “The false break last week reinforces the idea...
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? FOREXAnalysis: Wrote last week that “the NZDUSD advance is...
4Hour Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? FOREXAnalysis: “The pattern is the exact inverse of the...