Connect with us
Article summary: Sharp swings in US Dollar and Japanese Yen pairs have made for difficult trading conditions, but we believe our sentiment-based strategies may do well...
THE TAKEAWAY: The US Dollar and SP 500 continue to probe at key technical barriers but a clear-cut breakout remains elusive for now. US DOLLAR TECHNICAL...
ASIA/EUROPE FOREX NEWS WRAP Risk appetite has improved in the overnight with high beta currencies and riskier assets finding firming footing in the wake of Japanese...
US Dollar Technical Analysis– Prices continue to consolidate in a choppy range below resistance at 10547, the 23.6% Fibonacci expansion. A break above that aims for...
AUD/USD Technical Analysis– Prices turned lower as expected, with sellers now testing support at 1.0293 marked by the 61.8% Fibonacci retracement. A break below that aims...
USD/CHF Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern above the 0.92 figure, hinting a reversal higher is ahead. Near-term resistance is at 0.9334,...
USD/CAD Technical Analysis– Prices launched higher after showing a bullish Piercing Line candlestick pattern, taking out the 23.6% Fibonacci expansion at 1.0207 to expose the 38.2%...
NZD/USD Technical Analysis– Prices broke downward after putting in a bearish Dark Cloud Cover candlestick pattern. Support is at 0.8387, the 23.6% Fibonacci retracement, with a...
GBP/USD Technical Analysis – Prices are recovering from support at the bottom of a rising channel, eyeing initial resistance at the 38.2% Fibonacci retracement (1.5408). A...
USD/JPY Technical Analysis– Prices are testing above resistance at 98.60, the 38.2% Fibonacci expansion, to challenge the 50% level at 99.47. A break above that aims...