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USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. The pair is now testing below support at 100.68, the 23.6%...
EUR/USD Technical Analysis– Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. Initial resistance is at 1.2972, the 23.6% Fibonacciretracement. A break above...
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: 93.80 Our preference: SHORT positions below 93.8 with 92.2 91.45 in sight. Alternative scenario: The upside breakout of 93.8 will open the way to 94.2...
Pivot: 101.80. Our preference: SHORT positions below 101.8 with 100.55 100.1 as next targets. Alternative scenario: The upside breakout of 101.8 will open the way to...
Pivot: 0.961 Our preference: Long positions above 0.961 with targets @ 0.9695 0.9735 in extension. Alternative scenario: Below 0.961 look for further downside with 0.958 0.953...
Pivot: 101.8 Our preference: Short positions below 101.8 with targets @ 100.55 100.1 in extension. Alternative scenario: Above 101.8 look for further upside with 102.2 102.55...
Pivot: 0.958 Our preference: Long positions above 0.958 with targets @ 0.9665 0.9695 in extension. Alternative scenario: Below 0.958 look for further downside with 0.953 0.951...
THE TAKEAWAY: The US Dollar failed to sustain upward momentum as expected, sinking to probe key support, while the SP 500 may have produced a downside...
Pivot: 1.507 Our preference: Long positions above 1.507 with targets @ 1.5155 1.5185 in extension. Alternative scenario: Below 1.507 look for further downside with 1.504 1.501...