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Pivot: 1.33 Our preference: Short positions below 1.33 with targets @ 1.3235 1.321 in extension. Alternative scenario: Above 1.33 look for further upside with 1.3335 1.337...
Pivot: 93.50 Our Preference: LONG position above 93.5 with 101.5 103.8 in sight. Alternative Scenario: Below 93.5 down move to 90.85 87.5. Comment: the pair is...
Pivot: 1.2200 Our Preference: LONG above 1.22 with 1.255 1.265 in sight. Alternative Scenario: Below 1.22 look for further weakness to 1.21. Comment: the pair is...
Pivot: 1.0125 Our Preference: Long position above 1.0125 with 1.0650 1.0800 in sight. Alternative Scenario: Below 1.0125 look for further decline to 0.9625. Comment: a key...
ASIA/EUROPE FOREX NEWS WRAP The US Dollar is a top performer so far this week, but the next few days are guaranteed to bring about volatility...
USD/CHF Technical Analysis – Prices are pulling back from resistance at 0.9313, a barrier marked by the 61.8% Fibonacci expansion and reinforced by a falling trend...
USD/CAD Technical Analysis – Prices broke resistance at a falling trend line set from the July 5 swing top, hinting a move higher is ahead. Near-term...
EUR/GBP Technical Analysis – Prices rebounded as expected after putting in a bullish Piercing Line candlestick pattern. The pair is now testing resistance at 0.8730, the...
NZD/USD Technical Analysis – Prices broke higher as expected. The pair has now pulled back through support at the 23.6% Fibonacci retracement (0.8006) to test a...
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...