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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...
USD/CHF Technical Analysis– Prices pushed higher as expected after putting in a Bullish Engulfing candlestick pattern above the 0.92 figure. Buyers are now challenging resistance at...
USD/CAD Technical Analysis– Prices are correcting lower from resistance at 1.0284, the 38.2% Fibonacci expansion, to retest the top of a formerly broken falling channel at...