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Pivot: 1.038 Our preference: Short positions below 1.038 with targets @ 1.0285 1.0265 in extension. Alternative scenario: Above 1.038 look for further upside with 1.04 1.042...
Pivot: 100.55 Our preference: Long positions above 100.55 with targets @ 101.8 102.2 in extension. Alternative scenario: Below 100.55 look for further downside with 100.1 99.7...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) was threatening a break below crucial May support, opening the door for further losses...
US Dollar Technical Analysis– A recovery from channel support proved short-lived as expected, with prices now testing below the formation bottom (10791) to challenge the 23.6%...
EUR/GBP Technical Analysis – The formation of a Triangle chart preceded a breakout higher, as expected. Buyers now aim to challenge the 23.6% Fibonacci expansion at...
USD/CHF Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern, with sellers testing below support at the 38.2% Fibonacci retracement (0.9596)....
USD/CAD Technical Analysis– Prices put in a bearish Dark Cloud Cover below the 1.04 figure, warning a move lower may be ahead. Negative RSI divergence seems...
NZD/USD Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern above support at 0.8052, the November 16 2012 low, hinting a move higher is ahead....
AUD/USD Technical Analysis– Prices are stalling above support in the 0.9580-84 region, the intersection of the June 1 low and the 38.2% Fibonacci expansion, with positive...
GBP/USD Technical Analysis – Prices completed a Bullish Engulfing candlestick pattern and cleared resistance at the top of a falling channel set from early May, hinting...