Connect with us
US Dollar Technical Analysis– Prices put in a Harami candlestick pattern below resistance at 10781, the 76.4% Fibonacci retracement, hinting a pullback may be ahead. Initial...
EUR/GBP Technical Analysis – Prices recoiled from range resistance at 0.8589, with sellers once again testing rising trend line support set from early May (now at...
Pivot: 92.60 Our preference: LONG positions above 92.6 with targets @ 95.85 96.65. Alternative scenario: The downside penetration of 92.6 will call for a slide towards...
Pivot: 1.3175 Our preference: Short positions below 1.3175 with targets @ 1.305 1.299 in extension. Alternative scenario: Above 1.3175 look for further upside with 1.323 1.325...
Pivot: 98.3 Our preference: Short positions below 98.3 with targets @ 96.8 96.2 in extension. Alternative scenario: Above 98.3 look for further upside with 98.7 99.25...
THE TAKEAWAY: The breakneck US Dollar rally launched last week has stalled at technical resistance, with prices now showing early signs of a possible pullback ahead....
Pivot: 1.0435 Our preference: Long positions above 1.0435 with targets @ 1.0555 1.061 in extension. Alternative scenario: Below 1.0435 look for further downside with 1.039 1.036...
Pivot: 92.60 Our preference: LONG positions above 92.6 with 95.85 96.65 in sight. Alternative scenario: The downside penetration of 92.6 will call for a slide towards...
Pivot: 92.60 Our preference: LONG positions above 92.6 with targets @ 95.85 96.65. Alternative scenario: The downside penetration of 92.6 will call for a slide towards...
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREXAnalysis: The USDJPY has reversed...