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Pivot: 1.5150 Our preference: LONG position above 1.5150 with targets at 1.56 or even 1.57. Alternative scenario: A break below 1.5150 would call for further weakness...
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 is rebounding on its...
Pivot: 1.0050 Our Preference: Long position above1.0050 with 1.0340 1.0450 in sight. Alternative Scenario: Below 1.0050 look for further downside to 0.9805. Comment: the pair is...
US Dollar Technical Analysis– Prices broke support at a rising trend line set from late February to challenge the 10424-28 area marked by the 23.6% Fibonacci...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is in the midst of its sixth consecutive day of declines ahead of the...
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...
EUR/GBP Technical Analysis – Prices appear to be carving out a Triangle chart formation, which may be broadly indicative of bullish continuation (although confirmation is required...
GBP/JPY Technical Analysis– Prices are inching lower as expected after putting in a Bearish Engulfing candlestick pattern below resistance at 153.85, the April 11 swing high....
USD/CHF Technical Analysis– Prices pulled back as expected after putting in a Shooting Star candlestick. Sellers are now testing support at 0.9275, the 61.8% Fibonacci expansion,...
EUR/JPY Technical Analysis– Prices are testing support at 127.70, marked by the February 6 high and the bottom of a Triangle chart pattern carved out since...