Pivot: 1377.00 Our preference: LONG positions above 1377 with 1398 1419 in sight. Alternative scenario: The downside penetration of 1377 will call for a slide towards...
The British Pound has been one of the worst performing currencies this year, losing -6.94% to the US Dollar through Friday’s close. (Only the Australian Dollar...
US Dollar Technical Analysis– Prices put in a Dark Cloud Cover candlestick pattern, hinting a move lower may be ahead. Negative RSI divergence reinforces the case...
EUR/GBP Technical Analysis – The formation of a Triangle chart preceded a breakout higher, as expected. Buyers now aim to challenge the 23.6% Fibonacci expansion at...
GBP/JPY Technical Analysis– Prices are testing below support at 152.30, the 23.6% Fibonacci retracement, with a break downward on a daily closing basis exposing the 38.2%...
EUR/JPY Technical Analysis– Prices declined as expected, taking out support at 131.65 marked by the 14.6% Fibonacci retracement to expose the 23.6% level at 130.34. Continued...
USD/CHF Technical Analysis– Prices declined as expected after completing a Bearish Engulfing candlestick pattern, taking out the 23.6% Fibonacci retracement at 0.9687. Sellers now challenge the...
USD/CAD Technical Analysis– Prices advanced as expected after putting in a bullish Morning Star candlestick pattern above support at a rising trend line set from mid-September...
NZD/USD Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern above support at 0.8052, the November 16 2012 low, hinting a move higher is ahead....
AUD/USD Technical Analysis– Prices broke support in the 0.9682-95 area, marked by the June 1 daily close and the 23.6% Fibonacci expansion. Sellers now aim to...