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NZD/USD Technical Analysis– Prices found support at a trend line set from August 2010 (now at 0.7750) and rebounded as expected, closing back above another major...
EUR/GBP Technical Analysis – Prices are testing rising trend line support set from early May (0.8493), with a break downward exposing the recent range bottom at...
USD/CAD Technical Analysis– Prices declined as expected after putting in a bearish Dark Cloud Cover candlestick pattern below the 1.04 figure. Sellers now challenge support at...
EUR/USD Technical Analysis– Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. The pair has now cleared the 100% Fibonacci expansion at 1.3293,...
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...
Pivot: 1.326 Our preference: Long positions above 1.326 with targets @ 1.337 1.343 in extension. Alternative scenario: Below 1.326 look for further downside with 1.3225 1.318...
Pivot: 1.226 Our preference: Short positions below 1.226 with targets @ 1.222 1.22 in extension. Alternative scenario: Above 1.226 look for further upside with 1.229 1.233...
THE TAKEAWAY: Recoveries in the US Dollar and the SP 500 proved short-lived as expected, with prices now on the verge of breaking below critical multi-month...
Pivot: 0.792 Our preference: Long positions above 0.792 with targets @ 0.8035 0.806 in extension. Alternative scenario: Below 0.792 look for further downside with 0.786 0.784...
Pivot: 1.23 Our preference: Short positions below 1.23 with targets @ 1.225 1.2235 in extension. Alternative scenario: Above 1.23 look for further upside with 1.233 1.235...