NZD/USD Technical Analysis– Prices are testing below support at a rising trend line set from mid-March (0.8437) to challenge the 61.8% Fibonacci expansion at 0.8390. A...
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...
AUD/USD Technical Analysis– Prices are testing support at 1.0181, the bottom of a range that has contained the pair since late July 2012. A break below...
GBP/USD Technical Analysis – Prices confirmed a Shooting Star candlestick below resistance at the top of a rising channel with a bearish close on the following...
USD/JPY Technical Analysis– Prices are consolidating in a Triangle formation below the 100.00 figure. A Bearish Engulfing candlestick pattern hints a move lower is ahead. Near-term...
EUR/USD Technical Analysis– Prices remain wedged between a rising trend line set from the March 27 low (1.3055) and the 38.2% Fibonacci expansion at 1.3128. A...
ASIA/EUROPE FOREX NEWS WRAP The past several days have been marked by nothing short of disgust for the antipodean currencies, and in May the Australian and...
Pivot: 90.10 Our Preference: the upside prevails, as long as 90.1 is support. Alternative Scenario: Below 90.1 eye a drop towards 85.6 and 77.3 in extension....
Pivot: 1.02 Our preference: Short positions below 1.02 with targets @ 1.0125 1.011 in extension. Alternative scenario: Above 1.02 look for further upside with 1.023 1.025...
THE TAKEAWAY: The US Dollar is grinding higher toward the top of its two-month range while the SP 500 continues to build upward having cleared the...