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...
Like last week, plans call for selling a USDJPY rally. A move into 100.17/26 would be most welcome. Why? 100.17 is the post FOMC minutes close...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is up modestly on the day (+0.53%) as growth concerns out of China alongside...
EUR/USD Technical Analysis– Prices are pulling back from resistance at 1.3085, the 50% Fibonacci retracement. Near-term support is at 1.3007, the 38.2% level, with a break...
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...
GBP/USD Technical Analysis – Prices are pulling back from resistance at 1.5171 marked the 38.2% Fibonacci retracement and reinforced by a formerly broken rising trend line....
US Dollar Technical Analysis– Prices turned lower as expected, with sellers now testing support at 10803 marked by the 38.2% Fibonacci retracement. A break downward on...
USD/JPY Technical Analysis– Prices broke initial support at 99.17, the 23.6% Fibonacci expansion, exposing the 38.2% level at 97.72. A further push beneath that aims for...
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...