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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 took out support at 96.55, the 50%Fibonacci expansion, to expose the 61.8% level at 95.37. This barrier is reinforced by a...
GBP/USD Technical Analysis – Prices are testing resistance at 1.5485, the 61.8% Fibonacci expansion, with a break above that targeting a falling trend line set from...
USD/CAD Technical Analysis – Prices are testing resistance at 1.0425, the 38.2%Fibonacci expansion, with a break above that targeting the 50% level at 1.0481. Near-term support...
US Dollar Technical Analysis– Prices took out support at a rising trend line set from mid-June, with sellers now aiming to challenge the 61.8% Fibonacci expansion...
Pivot: 19.45 Our preference: LONG positions above 19.45 with targets @ 20 20.1. Alternative scenario: The downside breakout of 19.45 will open the way to 19.35...
Pivot: 1.227 Our preference: Long positions above 1.227 with targets @ 1.2325 1.2355 in extension. Alternative scenario: Below 1.227 look for further downside with 1.2235 1.2215...
Pivot: 129.75 Our preference: Short positions below 129.75 with targets @ 128 127.45 in extension. Alternative scenario: Above 129.75 look for further upside with 130.15 130.9...
THE TAKEAWAY: The US Dollar and the SP 500 continue to decline in tandem, with the stock index down for a third day as the benchmark...
Pivot: 97.45 Our preference: Short positions below 97.45 with targets @ 96.2 95.7 in extension. Alternative scenario: Above 97.45 look for further upside with 97.8 98.15...