Connect with us
”USD/NOK is showing 5 swings up from 2.1.2013 low. We are not viewing it as as 5 wave move which means pair is most likely in...
ASIA/EUROPE FOREX NEWS WRAP A growing divergence between the commodity currencies and the European currencies has formed the past several weeks, as near-crisis trading conditions have...
Pivot: 1.2825 Our preference: Long positions above 1.2825 with targets @ 1.2895 1.292 in extension. Alternative scenario: Below 1.2825 look for further downside with 1.28 1.277...
Pivot: 1.5195 Our preference: Long positions above 1.5195 with targets @ 1.526 1.529 in extension. Alternative scenario: Below 1.5195 look for further downside with 1.517 1.513...
Pivot: 28.40 Our preference: SHORT positions below 28.4 with 27.85 27.6 as next targets. Alternative scenario: The upside penetration of 28.4 will call for a rebound...
Pivot: 1.043 Our preference: Long positions above 1.043 with targets @ 1.048 1.0495 in extension. Alternative scenario: Below 1.043 look for further downside with 1.0415 1.04...
Pivot: 0.8425 Our preference: Long positions above 0.8425 with targets @ 0.846 0.8475 in extension. Alternative scenario: Below 0.8425 look for further downside with 0.8405 0.839...
THE TAKEAWAY: The US Dollar is flirting with a bearish breakout while SP 500 technical positioning warns a significant top may be in place below the...
Pivot: 1.0445 Our preference: Short positions below 1.0445 with targets @ 1.04 1.038 in extension. Alternative scenario: Above 1.0445 look for further upside with 1.0465 1.0495...
Pivot: 0.8345 Our preference: Long positions above 0.8345 with targets @ 0.8395 0.8415 in extension. Alternative scenario: Below 0.8345 look for further downside with 0.833 0.83...