AUDUSD – We’ve written repeatedly in favor of Australian Dollar weakness against the resurgent US namesake, and extremely one-sided retail forex sentiment leaves us plainly in...
SPX500 –There’s increasingly clear evidence that we may have seen a substantial SP 500 top, and retail CFD trader sentiment suggests this might be the start...
Japanese Yen – Wow. We’ll be the first to admit when we’ve gotten it wrong, but we couldn’t have been clearer in our preferences for a...
EURUSD – Retail forex traders have recently been selling into Euro strength against the otherwise-resurgent US Dollar—normally enough to make us bullish. But we still generally...
We’ll be the first to admit when we’re wrong, but our retail sentiment-based predictions have been on point as we’ve called for major USD strength. What...
Pivot: 0.803 Our preference: Long positions above 0.803 with targets @ 0.8115 0.8175 in extension. Alternative scenario: Below 0.803 look for further downside with 0.8005 0.796...
Pivot: 1.2825. Our preference: LONG positions above 1.2825 with targets @ 1.29 1.2935. Alternative scenario: The downside penetration of 1.2825 will call for 1.279 1.2745. Comment:...
ASIA/EUROPE FOREX NEWS WRAP After touching its highest level in four and a half years, the USDJPY staged a massive overnight reversal, falling from a high...
US Dollar Technical Analysis– Prices invalidated a bearish Dark Cloud Cover candlestick pattern to break above resistance at 10822, the 50% Fibonacci expansion. Buyers now target...
USD/CHF Technical Analysis– Prices are testing support at 0.9687, the 23.6% Fibonacci retracement, with a break below that eyeing the 38.2% level at 0.9596. Near-term resistance...