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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 broke support in the 0.9682-95 area, marked by the June 1 daily close and the 23.6% Fibonacci expansion. Sellers now aim to...
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. Sellers broke initial support at 101.84, the 14.6% Fibonacci retracement, and...
GBP/USD Technical Analysis – Prices declined as expected after putting in a Shooting Star candlestick below resistance at the top of a rising channel set from...
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...
Pivot: 1.2900. Our preference: LONG positions @ 1.291 with 1.2955 1.2995 in sight. Alternative scenario: The downside penetration of 1.29 will call for 1.2865 1.282. Comment:...
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...
THE TAKEAWAY: The US Dollar technical positioning warns that prices are vulnerable to a downward reversal after touching the highest level in nearly three years last...
Pivot: 1.507 Our preference: Long positions above 1.507 with targets @ 1.5155 1.522 in extension. Alternative scenario: Below 1.507 look for further downside with 1.501 1.4955...
Pivot: 131.65 Our preference: Short positions below 131.65 with targets @ 129.9 129.6 in extension. Alternative scenario: Above 131.65 look for further upside with 132.4 132.85...