Pivot: 0.857 Our preference: Short positions below 0.857 with targets @ 0.853 0.851 in extension. Alternative scenario: Above 0.857 look for further upside with 0.86 0.862...
The reversal in the crowded long equities / short Yen trade influenced larger USD trade in general, especially the USDCHF. The 8 month bullish pattern is...
Pivot: 1.247 Our preference: Short positions below 1.247 with targets @ 1.238 1.2345 in extension. Alternative scenario: Above 1.247 look for further upside with 1.2545 1.2595...
ASIA/EUROPE FOREX NEWS WRAP After being put through a bit of a ringer this past week – the US Dollar rallied after the Federal Reserve indicated...
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. Sellers are testing below initial support at 101.84, the 14.6% Fibonacci...
EUR/USD Technical Analysis– Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. A break above the 23.6% Fibonacciexpansion at 1.2913 has exposed the...
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 154.00, the 14.6% Fibonacci retracement, having completed a Bearish Engulfing candlestick pattern. A break downward on a...
EUR/JPY Technical Analysis– Prices are testing below support at 131.65, the 14.6% Fibonacci retracement. A break below that targets the 23.6% level at 130.34. Near-term resistance...
Pivot: 21.95 Our preference: LONG positions above 21.95 with targets @ 23.2 23.8. Alternative scenario: The downside breakout of 21.95 will open the way to 21.7...