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Pivot: 152.6 Our preference: Long positions above 152.6 with targets @ 154.15 154.8 in extension. Alternative scenario: Below 152.6 look for further downside with 151.9 151.4...
Pivot: 22.25 Our preference: LONG positions above 22.25 with targets @ 23.2 23.8. Alternative scenario: The downside breakout of 22.25 will open the way to 21.95...
THE TAKEAWAY: The US Dollar has managed to hold up at near-term chart support but technical positioning continues to warn of a downward correction ahead. Capitalize...
Pivot: 131.05 Our preference: Short positions below 131.05 with targets @ 129.9 129.6 in extension. Alternative scenario: Above 131.05 look for further upside with 131.65 132.4...
Pivot: 1.29 Our preference: Long positions above 1.29 with targets @ 1.2955 1.2995 in extension. Alternative scenario: Below 1.29 look for further downside with 1.2865 1.282...
Pivot: 1377.00 Our preference: LONG positions above 1377 with 1398 1419 in sight. Alternative scenario: The downside penetration of 1377 will call for a slide towards...
The British Pound has been one of the worst performing currencies this year, losing -6.94% to the US Dollar through Friday’s close. (Only the Australian Dollar...
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...
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 testing below support at 152.30, the 23.6% Fibonacci retracement, with a break downward on a daily closing basis exposing the 38.2%...