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Forex trading crowds have sold into Dollar strength versus the Japanese Yen and other counterparts – this could be the start of a US Dollar turnaround....
Pivot: 152.75 Our preference: Long positions above 152.75 with targets @ 154 154.6 in extension. Alternative scenario: Below 152.75 look for further downside with 152 151.5...
Pivot: 1329.00 Our preference: SHORT positions below 1329 with targets @ 1298 1283. Alternative scenario: The upside breakout of 1329 will open the way to 1338...
ASIA/EUROPE FOREX NEWS WRAP Following the uptick in May and June PMI figures, sentiment around the 2Q’13 UK GDP print was quite bullish. Today, those bullish...
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...
Want to add the Moving Average Dashboard to your charts? Download it free on FXCMApps.com. TREND IN FOCUS: GBPAUD (H4) – The GBPAUD has the strongest...
Pivot: 0.8580. Our preference: LONG positions above 0.858 with 0.8645 0.8675 in sight. Alternative scenario: The downside penetration of 0.858 will call for 0.8555 0.8525. Comment:...
Pivot: 106.80 Our preference: SHORT positions below 106.8 with targets @ 103.75 103.2. Alternative scenario: The upside penetration of 106.8 will call for 107.6 108.9. Comment:...
NZD/USD Technical Analysis – Prices broke higher as expected, clearing resistance the 23.6% Fibonacci expansion(0.7917) to expose the 38.2% mark at 0.8061. Alternatively, a reversal back...
EUR/JPY Technical Analysis – Prices are testing resistance at 132.38, the July 22 high, a barrier reinforced by the 23.6% Fibonacci expansion at 132.51. A break...