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USD/CHF Technical Analysis – Prices appear to be carving out a bullish Head and Shoulders chart pattern above support at a rising trend line set from...
AUD/USD Technical Analysis – Prices bounced as expected after putting in a Hammer candlestick above resistance-turned-support at the top of a falling channel set from April....
USD/JPY Technical Analysis – Prices continue to consolidate in a large Triangle chart pattern carved out since late February. The pair is edging higher from support...
GBP/USD Technical Analysis – Prices broke resistance at a falling trend line set from mid-December, hinting a larger-scale upward reversal is in progress. Near-term resistance from...
INTRADAY PERFORMANCE UPDATE: 09:40 GMT Dow Jones FXCM Dollar Index (Ticker: USDOLLAR): -0.06% (–0.45%prior 5-days) ASIA/EUROPE FOREX NEWS WRAP It’s been a quiet start to the...
Pivot: 19. Our Preference: As long as 19.14 is support, look for rise towards 26 28. Alternative scenario: A downside breakout of 19.14 would open the...
Pivot: 0.8555 Our preference: Short positions below 0.8555 with targets @ 0.85 0.848 in extension. Alternative scenario: Above 0.8555 look for further upside with 0.858 0.86...
THE TAKEAWAY: The US Dollar is retesting its 2-week low after a brief attempt at recovery faltered. The SP 500 has descended to interim chart support...
Pivot: 1.3365 Our preference: Short positions below 1.3365 with targets @ 1.327 1.3235 in extension. Alternative scenario: Above 1.3365 look for further upside with 1.34 1.3415...
Pivot: 1357.00 Our preference: LONG positions above 1357 with 1394 1409 in sight. Alternative scenario: The downside penetration of 1357 will call for 1342 1318. Comment:...