EUR/JPY Technical Analysis– Prices are testing above resistance at 130.72, the 38.2% Fibonacci expansion, with a break higher targeting the 50% level at 132.50. Trend line...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) continues to build on its rebound from its lowest level since June 26, as...
Pivot: 1.3090. Our preference: LONG positions above 1.309 with targets @ 1.3175 1.3205. Alternative scenario: The downside penetration of 1.309 will call for 1.3045 1.2995. Comment:...
Pivot: 0.9450. Our preference: SHORT positions below 0.945 with targets @ 0.936 0.9315. Alternative scenario: The upside penetration of 0.945 will call for 0.953 0.958. Comment:...
Pivot: 105.00 Our preference: LONG positions above 105 with 107.4 108.6 in sight. Alternative scenario: The downside penetration of 105 will call for a slide towards...
Pivot: 1.2375 Our preference: Short positions below 1.2375 with targets @ 1.2305 1.228 in extension. Alternative scenario: Above 1.2375 look for further upside with 1.24 1.2425...
Pivot: 1300.00 Our preference: SHORT positions below 1300 with 1267 1247 as next targets. Alternative scenario: The upside breakout of 1300 will open the way to...
THE TAKEAWAY: The US Dollar has stalled at technical support while the SP 500 is attempting to build downward momentum after showing a bearish reversal signal....
Pivot: 1.044 Our preference: Short positions below 1.044 with targets @ 1.0355 1.0325 in extension. Alternative scenario: Above 1.044 look for further upside with 1.047 1.052...
Pivot: 19.80 Our preference: SHORT positions below 19.8 with 19 18.7 in sight. Alternative scenario: The upside penetration of 19.8 will call for 20.15 20.65. Comment:...