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USD/CAD Technical Analysis – Prices advanced as expected after putting in a bullish Three Inside Up candlestick pattern. Resistance at 1.0481, the 50% Fibonacci expansion, is...
GBP/USD Technical Analysis – Prices are pulling back from resistance at 1.5712, the 38.2% Fibonacci retracement, to retest the 23.6% level at 1.5601. A break below...
USD/CHF Technical Analysis – Prices put in a bullish Piercing Line candlestick pattern above support at a rising trend line set from February 2012, hinting a...
US Dollar Technical Analysis– Prices recovered from support at 10650, the August 8 low, taking out resistance atthe 23.6% Fibonacci expansion (10708). Bulls are now testing...
Pivot: 152.55 Our preference: Long positions above 152.55 with targets @ 153.65 154.05 in extension. Alternative scenario: Below 152.55 look for further downside with 151.7 151.1...
Pivot: 0.8555 Our preference: Short positions below 0.8555 with targets @ 0.85 0.8475 in extension. Alternative scenario: Above 0.8555 look for further upside with 0.858 0.86...
Pivot: 1.233 Our preference: Short positions below 1.233 with targets @ 1.2295 1.2275 in extension. Alternative scenario: Above 1.233 look for further upside with 1.235 1.238...
THE TAKEAWAY: The US Dollar is attempting to launch a recovery after another test of Augusts’ swing bottom while the SP 500 has set a new...
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? Commodity Analysis: “Given extremes in Crude COT and the...
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader FOREXAnalysis: “The 6/19 close (FOMC day) continues to act...