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...
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ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is down modestly on the day, having recovered half of its losses this week...
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...
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...
NZD/USD Technical Analysis– Prices are eyeing resistance at 0.7917, the 23.6% Fibonacci expansion, a barrier reinforced by the top of a falling channel set from April....
EUR/GBP Technical Analysis – Prices took out resistance at 0.8582, the 23.6% Fibonacci expansion, exposing the 38.2% level at 0.8688. A further push beyond that aims...
US Dollar Technical Analysis– Prices turned lower as expected, with sellers testing below support at 10803, the 38.2% Fibonacci retracement. A break downward on a daily...
USD/JPY Technical Analysis– Prices have turned lower, overturning the rising trend set from mid-June. Initial support is at 99.17, the 23.6% Fibonacci expansion. A break beneath...
USD/CAD Technical Analysis– Prices turned lower as expected after completing a bearish Evening Star candlestick pattern. Sellers are now testing support is at 1.0381, the 38.2%...