AUD/USD Technical Analysis– Prices are testing support at 0.9035, the July 3 low, with a break beneath that eyeing the 61.8% Fibonacci expansion at 0.8889. Falling...
USD/CAD Technical Analysis– Prices turned lower as expected after completing a bearish Evening Star candlestick pattern. The pair found interim support above the 1.03 figure and...
USD/CHF Technical Analysis– Prices are challenging support at 0.9440, the 50% Fibonacci retracement, with a break beneath that exposing the 61.8% level at 0.9367. Near-term resistance...
US Dollar Technical Analysis– Prices turned lower as expected, finding initial support at 10803 marked by the 38.2% Fibonacci retracement. A bullish Piercing Line candlestick pattern...
GBP/JPY Technical Analysis– Prices took out support at 150.72, the 23.6% Fibonacci expansion, with sellers now challenging the 38.2% level at 149.30. A further break beneath...
EUR/JPY Technical Analysis– Prices pulled back from resistance at 130.72, the 38.2% Fibonacci expansion, to challenge the 23.6% levelat 128.51. This barrier is reinforced by a...
Pivot: 0.866 Our preference: Short positions below 0.866 with targets @ 0.8605 0.8575 in extension. Alternative scenario: Above 0.866 look for further upside with 0.869 0.8725...
Pivot: 1.505 Our preference: Long positions above 1.505 with targets @ 1.519 1.5235 in extension. Alternative scenario: Below 1.505 look for further downside with 1.5 1.491...
THE TAKEAWAY: US Dollar and SP 500 technical positioning hints that a reversal of recent moves may be brewing, although confirmation is absent for now. Capitalize...
Pivot: 104.00 Our preference: LONG positions above 104 with targets @ 107.8 110. Alternative scenario: The downside penetration of 104 will call for a slide towards...