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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...
Pivot: 92.50 Our Preference: LONG position above 92.5 with 99.9 101.25 in sight. Alternative Scenario: Below 92.5 down move to 90.2 87.5. Comment: the pair remains...