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Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREXAnalysis: The title today says...
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...
Pivot: 95.55 Our preference: SHORT positions below 95.55 with 93.75 92.4 in sight. Alternative scenario: The upside penetration of 95.55 will call for a rebound towards...
EUR/GBP Technical Analysis – Prices are testing below rising trend line support set from early May (0.8489), with a break downward exposing the recent range bottom...
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...
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...
AUD/USD Technical Analysis– Prices are attempting a recovery from support at 0.9388, the 38.2% Fibonacci expansion as positive RSI divergence continues to warn of ebbing bearish...
GBP/JPY Technical Analysis– Prices are testing axis line support at 149.67, a barrier reinforced by the 38.2% Fibonacci retracementat 149.53, with a break below that eyeing...
NZD/USD Technical Analysis– Prices found support at a trend line set from August 2010 (now at 0.7748) and rebounded, with the pair testing back above a...
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,...