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EUR/USD Technical Analysis – Prices are rebounding from support at 1.3244, the 23.6% Fibonacci expansion, to retest the underside of a broken Rising Wedge chart formation...
Pivot: 1.238 Our preference: Long positions above 1.238 with targets @ 1.2425 1.2455 in extension. Alternative scenario: Below 1.238 look for further downside with 1.2325 1.23...
Pivot: 0.858 Our preference: Short positions below 0.858 with targets @ 0.854 0.852 in extension. Alternative scenario: Above 0.858 look for further upside with 0.861 0.8625...
Pivot: 0.8580. Our preference: SHORT positions below 0.858 with targets @ 0.854 0.852. Alternative scenario: The upside penetration of 0.858 will call for a rebound towards...
Pivot: 151.15 Our preference: Long @ 151.35 with targets @ 152.6 153 in extension. Alternative scenario: Below 151.15 look for further downside with 150.6 149.9 as...
Pivot: 1.3285 Our preference: Short positions below 1.3285 with targets @ 1.3225 1.319 in extension. Alternative scenario: Above 1.3285 look for further upside with 1.3315 1.3345...
THE TAKEAWAY: The SP 500 has dropped below key chart support, hinting a larger downward reversal may be in progress. A sharp two-day rebound in the...
Pivot: 0.932 Our preference: Long positions above 0.932 with targets @ 0.9385 0.9405 in extension. Alternative scenario: Below 0.932 look for further downside with 0.93 0.928...
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? FOREXAnalysis: No change – “The USDJPY found support at...
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? FOREXAnalysis: The GBPUSD formed an outside (more on that...