GBP/USD Technical Analysis – Prices declined as expected after putting in a Shooting Star candlestick below resistance at the top of a rising channel set from...
This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws...
USD/JPY Technical Analysis– Prices put in a Bearish Engulfing candlestick pattern below resistance at 103.16, the 100% Fibonacci expansion, hinting a move lower is ahead. Near-term...
EUR/USD Technical Analysis– Prices rose as expected after putting in a Bullish Engulfing candlestick pattern. Near-term resistance is at 1.2966, the 38.2% Fibonacci retracement, with a...
Pivot: 132.35 Our preference: Long positions above 132.35 with targets @ 133.2 133.5 in extension. Alternative scenario: Below 132.35 look for further downside with 131.9 131.6...
Pivot: 1359.00 Our preference: LONG positions above 1359 with 1401 1419 as next targets. Alternative scenario: The downside penetration of 1359 will call for 1336 1322....
Pivot: 95.45 Our preference: LONG positions above 95.45 with 96.7 97.35 in sight. Alternative scenario: The downside penetration of 95.45 will call for 94.7 93.5. Comment:...
THE TAKEAWAY: US Dollar technical positioning warns a turn lower may be ahead, with testimony from Ben Bernanke and May’s FOMC minutes lining up as possible...
ASIA/EUROPE FOREX NEWS WRAP The past several hours have produced increased volatility across the board, though the clear winner today – simply because of a lack...
Pivot: 1359.00 Our preference: LONG positions above 1359 with 1401 1419 as next targets. Alternative scenario: The downside penetration of 1359 will call for 1336 1322....