Pivot: 1.0345 Our preference: Short positions below 1.0345 with targets @ 1.0285 1.0265 in extension. Alternative scenario: Above 1.0345 look for further upside with 1.0385 1.042...
Pivot: 1.2475 Our preference: Short positions below 1.2475 with targets @ 1.2405 1.238 in extension. Alternative scenario: Above 1.2475 look for further upside with 1.25 1.2525...
THE TAKEAWAY: The US Dollar looks likely to weaken further after prices broke below the first layer of key technical support. The SP 500 continues to...
Pivot: 1397.00 Our preference: LONG positions above 1397 with 1430 1445 in sight. Alternative scenario: The downside penetration of 1397 will call for 1388 1373. Comment:...
Pivot: 152.75 Our preference: Long positions above 152.75 with targets @ 154 154.65 in extension. Alternative scenario: Below 152.75 look for further downside with 152.3 151.75...
Pivot: 22.35 Our preference: LONG positions above 22.35 with targets @ 23.2 23.8. Alternative scenario: The downside breakout of 22.35 will open the way to 21.9...
Pivot: 1.038 Our preference: Short positions below 1.038 with targets @ 1.0285 1.0265 in extension. Alternative scenario: Above 1.038 look for further upside with 1.04 1.042...
Pivot: 100.55 Our preference: Long positions above 100.55 with targets @ 101.8 102.2 in extension. Alternative scenario: Below 100.55 look for further downside with 100.1 99.7...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) was threatening a break below crucial May support, opening the door for further losses...
US Dollar Technical Analysis– A recovery from channel support proved short-lived as expected, with prices now testing below the formation bottom (10791) to challenge the 23.6%...