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GBP/USD Technical Analysis – Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. A break above resistance at 1.5600, the 76.4% Fibonacci expansion,...
USD/CHF Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern, taking out support marked by arising trend line set from early...
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. The pair is testing support at a rising trend line set...
US Dollar Technical Analysis– Prices moved lower as expected after putting in a Bearish Engulfing candlestick pattern. A mild recovery faltered at resistance marked by the...
EUR/JPY Technical Analysis– Prices broke support marked by a rising trend line set from mid-November 2012 and the 32.8% Fibonacci retracementat 128.19. Sellers now aim to...
ASIA/EUROPE FOREX NEWS WRAP It’s no secret that the global market has a strong disdain for the Australian and New Zealand Dollars: year-to-date, they were the...
Pivot: 0.786 Our preference: Long positions above 0.786 with targets @ 0.798 0.801 in extension. Alternative scenario: Below 0.786 look for further downside with 0.779 0.7755...
Pivot: 1389.00 Our preference: SHORT positions below 1389 with 1354 1338 in sight. Alternative scenario: The upside penetration of 1389 will call for a rebound towards...
Pivot: 1.017 Our preference: Long positions above 1.017 with targets @ 1.025 1.028 in extension. Alternative scenario: Below 1.017 look for further downside with 1.014 1.01...
Pivot: 1.229 Our preference: Long positions above 1.229 with targets @ 1.236 1.2385 in extension. Alternative scenario: Below 1.229 look for further downside with 1.2265 1.225...