THE TAKEAWAY: The US Dollar remains locked in a familiar range while the SP 500 has finally found the momentum to convincingly break above the 1600...
Viewed in the context of big picture market patterns, what happens in the next week could be significant to trends for the rest of the year....
Pivot: 1.026 Our preference: Long positions above 1.026 with targets @ 1.0355 1.0385 in extension. Alternative scenario: Below 1.026 look for further downside with 1.022 1.0165...
Pivot: 0.849 Our preference: Long positions above 0.849 with targets @ 0.856 0.8585 in extension. Alternative scenario: Below 0.849 look for further downside with 0.8455 0.8435...
US Dollar Technical Analysis– Prices recovered after putting in a Hammer candlestick above support in the 10424-28 area marked by the 23.6% Fibonacci retracement and the...
EUR/GBP Technical Analysis – Prices appear to be carving out a Triangle chart formation, which may be broadly indicative of bullish continuation (although confirmation is required...
GBP/JPY Technical Analysis– Prices are consolidating above support is at 150.07, the 23.6% Fibonacci retracement. A Bearish Engulfing candlestick pattern continues to argue in favor of...
EUR/JPY Technical Analysis– Prices are testing support at 127.70, marked by the February 6 high and the bottom of a Triangle chart pattern carved out since...
USD/CHF Technical Analysis– Prices are approaching pivot resistance at 0.9379, with a break higher targeting a falling trend line at 0.9484. Support is in the 0.9246-55...
USD/CAD Technical Analysis– Prices are testing support in the 1.0061-1.0101 area. A break below this boundary exposes a rising trend line at 0.9991. Resistance is at...