USD/JPY Technical Strategy: Flat Prices are consolidating in a Triangle formation below the 100.00 figure. Near-term support is at 97.18, with a break below that exposing...
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...
Pivot: 1.024 Our preference: Long positions above 1.024 with targets @ 1.0285 1.03 in extension. Alternative scenario: Below 1.024 look for further downside with 1.022 1.0195...
Pivot: 0.848 Our preference: Long positions above 0.848 with targets @ 0.8535 0.856 in extension. Alternative scenario: Below 0.848 look for further downside with 0.8455 0.8435...
Pivot: 24.05 Our preference: SHORT positions below 24.05 with 23.05 22.6 as next targets. Alternative scenario: The upside penetration of 24.05 will call for a rebound...
Pivot: 97.3 Our preference: Long positions above 97.3 with targets @ 98.2 98.5 in extension. Alternative scenario: Below 97.3 look for further downside with 96.95 96.55...
Pivot: 0.9265 Our preference: Long positions above 0.9265 with targets @ 0.9385 0.9405 in extension. Alternative scenario: Below 0.9265 look for further downside with 0.924 0.92...
Pivot: 0.8475 Our preference: Long positions above 0.8475 with targets @ 0.8535 0.856 in extension. Alternative scenario: Below 0.8475 look for further downside with 0.8455 0.8435...
THE TAKEAWAY: The US Dollar has managed to stage a recovery from support at a multi-month range bottom. The SP 500 continues to struggle with resistance...
Pivot: 0.8515 Our preference: Short positions below 0.8515 with targets @ 0.8435 0.841 in extension. Alternative scenario: Above 0.8515 look for further upside with 0.8535 0.856...