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AUD/USD Technical Strategy: Pending Short Prices broke higher as expected, taking out resistance at the top of a falling channel set from April and hinting a...
NZD/USD Technical Strategy: Flat Prices broke higher as expected, clearing resistance at the top of a falling channel set from April. Buyers are now testing above...
Pivot: 1.3175. Our preference: SHORT positions below 1.3175 with targets @ 1.3045 1.2995. Alternative scenario: The upside penetration of 1.3175 will call for a rebound towards...
Pivot: 99.90. Our preference: LONG positions above 99.9 with 100.85 101.25 in sight. Alternative scenario: The downside penetration of 99.9 will call for 99.2 98.9. Comment:...
Pivot: 0.9360. Our preference: LONG positions above 0.936 with 0.9475 0.953 in sight. Alternative scenario: The downside penetration of 0.936 will call for 0.9315 0.9265. Comment:...
Pivot: 1.232 Our preference: Long positions above 1.232 with targets @ 1.24 1.2425 in extension. Alternative scenario: Below 1.232 look for further downside with 1.2295 1.228...
THE TAKEAWAY: An attempted US Dollar recovery failed to overcome chart resistance while evidence of a forthcoming SP 500 reversal lower continues to build. Capitalize on...
Pivot: 106.10 Our preference: LONG positions above 106.1 with 108.6 110 in sight. Alternative scenario: The downside breakout of 106.1 will open the way to 105...
Pivot: 0.8645 Our preference: Short positions below 0.8645 with targets @ 0.8575 0.8555 in extension. Alternative scenario: Above 0.8645 look for further upside with 0.8675 0.871...
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader FOREXAnalysis: “The failed run at last week’s low (like...