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Pivot: 1.2305 Our preference: Short positions below 1.2305 with targets @ 1.224 1.2225 in extension. Alternative scenario: Above 1.2305 look for further upside with 1.232 1.2345...
After numerous false starts on the downside, beginning with the 2/25 collapse, USDJPY traders are conditioned to buy the dip. Eventually, this mentality will aid in...
Pivot: 1.02 Our preference: Short positions below 1.02 with targets @ 1.015 1.0125 in extension. Alternative scenario: Above 1.02 look for further upside with 1.0225 1.025...
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: 1.305 Our preference: Short positions below 1.305 with targets @ 1.2995 1.297 in extension. Alternative scenario: Above 1.305 look for further upside with 1.3085 1.313...
ASIA/EUROPE FOREX NEWS WRAP High beta currencies and risk-correlated assets are consolidating on the day (AUDUSD: -0.06%; NZDUSD: +0.19%; USDCAD: -0.02%) ahead of major headline event...
US Dollar Technical Analysis– Prices are pulling back from resistance in the 10547-76 area, marked by the 23.6% Fibonacci expansion and the March 11 high.Near-term support...
EUR/GBP Technical Analysis – Prices broke support at 0.8434, the 50% Fibonacci expansion, exposing the 61.8% level at 0.8386. A further push below that aims for...
GBP/JPY Technical Analysis– Prices are testing resistance at 153.85, the April 11 swing high. A break above that targets the 61.8% Fibonacci expansion at 156.32. Near-term...
EUR/JPY Technical Analysis– Prices are testing support at 128.18, the 23.6% Fibonacci retracement. A break below this barrier aims for the 38.2% level at 123.37. Near-term...