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Weekly Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREXAnalysis: “The USDCAD decline from...
Summary: The Australian Dollar (ticker: FXA) has tumbled despite record-highs in the SP 500 (ticker: SPY). Is the Aussie currency the canary in the coal mine,...
Pivot: 132.35 Our preference: Long positions above 132.35 with targets @ 133.8 134.4 in extension. Alternative scenario: Below 132.35 look for further downside with 131.9 131.6...
Pivot: 1.0245 Our preference: Long positions above 1.0245 with targets @ 1.0375 1.042 in extension. Alternative scenario: Below 1.0245 look for further downside with 1.0215 1.018...
Pivot: 96.20 Our preference: SHORT positions below 96.2 with targets @ 93.5 92.4. Alternative scenario: The upside penetration of 96.2 will call for a rebound towards...
Pivot: 0.975 Our preference: Short positions below 0.975 with targets @ 0.9645 0.959 in extension. Alternative scenario: Above 0.975 look for further upside with 0.98 0.985...
Pivot: 1.2555 Our preference: Long positions above 1.2555 with targets @ 1.264 1.2665 in extension. Alternative scenario: Below 1.2555 look for further downside with 1.251 1.248...
Pivot: 0.8400 Our Preference: LONG above 0.84 with targets @ 0.8590 0.87. Alternative Scenario: Below 0.84 aim @ 0.8340. Comment: the pair has broken above a...
US Dollar Technical Analysis– Prices put in a bearish Dark Cloud Cover candlestick pattern below resistance at 10822, the 50% Fibonacci expansion, hinting a move lower...
USD/CHF Technical Analysis– Prices put in a bearish Dark Cloud Cover candlestick pattern hinting a move lower is ahead. Initial support is at 0.9630, the 23.6%...