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Pivot: 0.9735 Our preference: Short positions below 0.9735 with targets @ 0.963 0.9595 in extension. Alternative scenario: Above 0.9735 look for further upside with 0.98 0.984...
Pivot: 0.8155 Our preference: Short positions below 0.8155 with targets @ 0.806 0.8005 in extension. Alternative scenario: Above 0.8155 look for further upside with 0.8185 0.821...
Pivot: 0.857 Our preference: Short positions below 0.857 with targets @ 0.853 0.851 in extension. Alternative scenario: Above 0.857 look for further upside with 0.86 0.862...
The reversal in the crowded long equities / short Yen trade influenced larger USD trade in general, especially the USDCHF. The 8 month bullish pattern is...
Pivot: 1.247 Our preference: Short positions below 1.247 with targets @ 1.238 1.2345 in extension. Alternative scenario: Above 1.247 look for further upside with 1.2545 1.2595...
ASIA/EUROPE FOREX NEWS WRAP After being put through a bit of a ringer this past week – the US Dollar rallied after the Federal Reserve indicated...
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. Sellers are testing below initial support at 101.84, the 14.6% Fibonacci...
EUR/USD Technical Analysis– Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. A break above the 23.6% Fibonacciexpansion at 1.2913 has exposed the...
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 154.00, the 14.6% Fibonacci retracement, having completed a Bearish Engulfing candlestick pattern. A break downward on a...