Pivot: 153.6 Our preference: Short positions below 153.6 with targets @ 152.3 151.9 in extension. Alternative scenario: Above 153.6 look for further upside with 154.05 154.65...
Pivot: 1.515 Our preference: Long positions above 1.515 with targets @ 1.524 1.526 in extension. Alternative scenario: Below 1.515 look for further downside with 1.511 1.507...
Pivot: 93.20 Our preference: SHORT positions below 93.2 with targets @ 90.35 89.65. Alternative scenario: The upside breakout of 93.2 will open the way to 94.2...
June is historically the worst month for the stock market. Judging by the last few hours of trading, June apparently came early. A bigger stock market...
Pivot: 1.029 Our preference: Long positions above 1.029 with targets @ 1.0385 1.04 in extension. Alternative scenario: Below 1.029 look for further downside with 1.0265 1.024...
ASIA/EUROPE FOREX NEWS WRAP After spiking to ¥103.73 last Wednesday against the Japanese Yen, the US Dollar has been mired in a bit of a slog....
EUR/GBP Technical Analysis – The formation of a Triangle chart preceded a breakout higher, as expected. Buyers are now testing horizontal resistance at 0.8575, with a...
GBP/JPY Technical Analysis– Prices continue to consolidate below resistance at 154.00, the 14.6% Fibonacci retracement. A break below support at 152.30, the 23.6% level, targets the...
EUR/JPY Technical Analysis– Prices declined as expected to find support at 130.34, the 23.6% Fibonacci retracement. The pair is reversing downward anew after mounting a shallow...
USD/CHF Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. Sellers took out support at 0.9596, the 38.2% Fibonacci retracement, to...