Connect with us
USD/CHF Technical Analysis– Prices took out resistance at the 0.94 figure, a barrier marked by the underside of a rising trend line set from February and...
EUR/USD Technical Analysis– Prices turned lower as expected, snapping the rising trend established from mid-May. A break past support at 1.3032, the 61.8% Fibonacci retracement, has...
USD/JPY Technical Analysis– Prices are showing a Harami candlestick pattern below resistance marked by a falling trend line set from late May, hinting a move lower...
EUR/GBP Technical Analysis – Prices put a bullish Piercing Line candlestick pattern above support at 0.8475, a horizontal shelf reinforced by rising trend lines set from...
Pivot: 0.7835 Our preference: Short positions below 0.7835 with targets @ 0.775 0.77 in extension. Alternative scenario: Above 0.7835 look for further upside with 0.786 0.79...
Pivot: 93.70 Our preference: LONG positions above 93.7 with targets @ 96.1 96.7. Alternative scenario: The downside penetration of 93.7 will call for 93.1 92.6. Comment:...
Chart prepared by Christopher Vecchio using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREX Analysis: The GBPUSD slipped through support...
Chart prepared by Christopher Vecchio using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREX Analysis: No change: “Bullish RSI divergence...
THE TAKEAWAY: The US Dollar found fuel for another push higher after two days of indecision while the SP 500 continued to recover, reclaiming the 1600...
Chart prepared by Christopher Vecchio using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREX Analysis: After breaking out of the...