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Daily Bars Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREXAnalysis: Today’s rally brings...
Pivot: 1.0150 Our Preference: LONG position above 1.0150 with 1.0620 1.0850 in sight. Alternative Scenario: Below 1.0150 down move to 0.9835. Comment: the pair has pushed...
Pivot: 97.85 Our preference: SHORT positions below 97.85 with 95.9 95.25 as next targets. Alternative scenario: The upside penetration of 97.85 will call for 98.35 98.95....
The DailyFX PLUS Trading Strategies have sold aggressively into the day’s British Pound breakdown. The key question is simple: is the start of a much larger...
Pivot: 93 Our preference: Long positions above 93 with targets @ 93.85 94.4 in extension. Alternative scenario: Below 93 look for further downside with 92.5 92...
US Dollar Technical Analysis– Prices are testing below support at 10420, the 23.6% Fibonacci retracement. A break below that exposes the 38.2% level at 10324. Near-term...
EUR/GBP Technical Analysis – Prices are now testing support at 0.8408, the 38.2% Fibonacci retracement. A bounce sees the first layer of major resistance at 0.8563,...
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: 0.844 Our preference: Long positions above 0.844 with targets @ 0.8485 0.85 in extension. Alternative scenario: Below 0.844 look for further downside with 0.8425 0.8405...
Pivot: 1.2875 Our preference: Short positions below 1.2875 with targets @ 1.28 1.277 in extension. Alternative scenario: Above 1.2875 look for further upside with 1.2895 1.292...