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GBP/USD Technical Analysis – Prices are testing resistance at 1.5354, the 50% Fibonacci retracement, with a break above that targeting the 61.8% level at 1.5478. Near-term...
AUD/USD Technical Analysis– Prices are testing resistance in the 1.0584-97 area, marked by the 61.8% Fibonacci expansion and a multi-month range top. A break above that...
USD/JPY Technical Analysis– Prices broke resistance at 98.42, the 100% Fibonacci extension, exposing the 123.6% level at 99.80. A further push above that eyes the 138.2%...
EUR/USD Technical Analysis– Prices continue to push higher after putting in a bullish Harami candlestick pattern. Buyers are targeting the 23.6% Fibonacci expansion at 1.3139, with...
”Pair is showing 7 swings up from 96.85 low which means we are ending wave (( iii )) which can reach as high as 105.40 region....
Pivot: 93.40 Our preference: LONG positions above 93.4 with 94.8 95.6 in sight. Alternative scenario: The downside penetration of 93.4 will call for a slide towards...
Pivot: 129.3 Our preference: Long @ 129.4 with targets @ 130.65 131.5 in extension. Alternative scenario: Below 129.3 look for further downside with 128.4 127.25 as...
Pivot: 151.5 Our preference: Long positions above 151.5 with targets @ 153.65 154.7 in extension. Alternative scenario: Below 151.5 look for further downside with 150.5 149.15...
Pivot: 1.05 Our preference: Long positions above 1.05 with targets @ 1.055 1.0575 in extension. Alternative scenario: Below 1.05 look for further downside with 1.0465 1.0445...
THE TAKEAWAY: The US Dollar is stalling having run into technical resistance while the SP 500 has resumed an aggressive advance, marching higher toward the 1600...