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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: 1.247 Our preference: Long positions above 1.247 with targets @ 1.2545 1.2595 in extension. Alternative scenario: Below 1.247 look for further downside with 1.244 1.2405...
US Dollar Technical Analysis– Prices put in a Dark Cloud Cover candlestick pattern, hinting a move lower may be ahead. Negative RSI divergence reinforces the case...
Pivot: 0.9620. Our preference: LONG positions above 0.962 with targets @ 0.9695 0.9735. Alternative scenario: The downside breakout of 0.962 will open the way to 0.9585...
Pivot: 1.244 Our preference: Long positions above 1.244 with targets @ 1.2505 1.2545 in extension. Alternative scenario: Below 1.244 look for further downside with 1.2405 1.2345...
Pivot: 22.25 Our preference: LONG positions above 22.25 with 22.75 23.2 in sight. Alternative scenario: The downside penetration of 22.25 will call for a slide towards...
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...
GBP/JPY Technical Analysis– Prices are bouncing from support at 152.30, the 23.6% Fibonacci retracement. Near-term resistance is at 154.00, the 14.6% Fib, with a break above...
EUR/JPY Technical Analysis– Prices declined as expected to find support at 130.34, the 23.6% Fibonacci retracement. The pair is now mounting a shallow recovery to retest...
USD/CHF Technical Analysis– Prices declined as expected after completing a Bearish Engulfing candlestick pattern, taking out the 23.6% Fibonacci retracement at 0.9687. Sellers now challenge the...