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NZD/USD Technical Analysis– Prices are pushing aggressively higher, probing above the 61.8% Fibonacci retracement at 0.8391 to challenge the 76.4% level at 0.8445. A break above...
AUD/USD Technical Analysis– Prices have launched a recovery from support at 1.0412, the 61.8% Fibonacci retracement. Near-term resistance is at 1.0483, the 76.4% level, with a...
GBP/USD Technical Analysis – Prices are turning lower from resistance at 1.5260, marked by the March 25 high and a falling trend line cluster set from...
USD/JPY Technical Analysis– Prices broke support in the 93.77-90 area, marked by the 50% Fibonacci retracement and a rising trend line set from early January. Sellers...
EUR/USD Technical Analysis– Prices are testing falling trend line resistance at 1.2883, with a break upward exposing the 1.30 figure and the 23.6% Fibonacci expansion at...
”USD/NOK is showing 5 swings up from 2.1.2013 low. We are not viewing it as as 5 wave move which means pair is most likely in...
ASIA/EUROPE FOREX NEWS WRAP A growing divergence between the commodity currencies and the European currencies has formed the past several weeks, as near-crisis trading conditions have...
Pivot: 1.2825 Our preference: Long positions above 1.2825 with targets @ 1.2895 1.292 in extension. Alternative scenario: Below 1.2825 look for further downside with 1.28 1.277...
Pivot: 1.5195 Our preference: Long positions above 1.5195 with targets @ 1.526 1.529 in extension. Alternative scenario: Below 1.5195 look for further downside with 1.517 1.513...
Pivot: 28.40 Our preference: SHORT positions below 28.4 with 27.85 27.6 as next targets. Alternative scenario: The upside penetration of 28.4 will call for a rebound...