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AUD/USD Technical Analysis– Prices broke above resistance at 1.0330, the 23.6% Fibonacci expansion, eyeing the 38.2% level at 1.0399. A further push above that exposes the...
USD/JPY Technical Analysis– Prices recoiled from resistance below the 100.00 figure to test support at 97.79, the 23.6% Fibonacci retracement. A break below this barrier initially...
GBP/USD Technical Analysis – Prices are testing resistance at the top of a rising channel set from mid-March (1.5562), a barrier reinforced by the 50% Fibonacci...
EUR/USD Technical Analysis– Prices broke above resistance at 1.3113, the 38.2% Fibonacci retracement level, exposing the 1.3201-27 area marked by the April 16 high and the...
Pivot: 0.8535 Our preference: Long @ 0.8547 with targets @ 0.859 0.8625 in extension. Alternative scenario: Below 0.8535 look for further downside with 0.85 0.847 as...
THE TAKEAWAY: The US Dollar continues to grind through technical support levels. The SP 500 pushed higher but failed to overcome the psychologically significant 1600 figure....
Pivot: 127.85 Our preference: Long positions above 127.85 with targets @ 128.8 129.4 in extension. Alternative scenario: Below 127.85 look for further downside with 127.15 126.9...
Pivot: 94.65 Our preference: SHORT positions below 94.65 with targets @ 92 91.1. Alternative scenario: The upside penetration of 94.65 will call for 96.15 97.7. Comment:...
240 Minute Bars Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREXAnalysis: The USDOLLAR...
Daily Bars Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREXAnalysis: “Bigger picture, a...