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US Dollar Technical Analysis– Prices recovered from support at 10650, the August 8 low, taking out resistance atthe 23.6% Fibonacci expansion (10708). Bulls are now testing...
EUR/USD Technical Analysis – Prices put in a bearish Dark Cloud Cover candlestick pattern below resistance in the 1.3416-51 area, marked by the June 19 high...
GBP/JPY Technical Analysis – Prices pierced resistance at the top of a Triangle chart pattern, completing a setup indicative of bullish trend continuation. The bulls are...
Pivot: 0.9265. Our preference: SHORT positions below 0.9265 with 0.9195 0.916 as next targets. Alternative scenario: The upside penetration of 0.9265 will call for a rebound...
Pivot: 104.10 Our preference: LONG positions above 104.1 with 106.25 106.95 in sight. Alternative scenario: The downside penetration of 104.1 will call for 103.5 103.1. Comment:...
Pivot: 0.9265 Our preference: Short positions below 0.9265 with targets @ 0.9195 0.916 in extension. Alternative scenario: Above 0.9265 look for further upside with 0.929 0.931...
Pivot: 0.786 Our preference: Short positions below 0.786 with targets @ 0.78 0.776 in extension. Alternative scenario: Above 0.786 look for further upside with 0.789 0.7945...
Pivot: 104.10 Our preference: LONG positions above 104.1 with 106.25 106.95 in sight. Alternative scenario: The downside penetration of 104.1 will call for a slide towards...
USD/JPY Technical Analysis – Prices are testing trend-defining resistance at the top of a large Triangle chart pattern carved out since late February. This barrier is...
THE TAKEAWAY: The US Dollar has returned to resistance that capped last week’s attempt at a recovery while SP 500 chart positioning hints a larger recovery...