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USD/JPY Technical Analysis – Prices are pushing higher after putting in a Bullish Engulfing candlestick pattern. Buyers are testing above resistance at 97.63, the 23.6% Fibonacci...
EUR/USD Technical Analysis – Prices are turning lower after putting in a bearish Dark Cloud Cover candlestick pattern below resistance in the 1.3416 area, the June...
US Dollar Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern, hinting a move higher is ahead. Initial resistance is at 10735, the 23.6% Fibonacci...
EUR/USD continues to meander between key long and short-term pivots while NZD/USD consolidates below important resistance. AUD/USD may have recorded an important cyclical low last week....
Pivot: 0.8055 Our preference: Short positions below 0.8055 with targets @ 0.793 0.788 in extension. Alternative scenario: Above 0.8055 look for further upside with 0.81 0.8135...
Pivot: 1.552 Our preference: Short positions below 1.552 with targets @ 1.5435 1.5385 in extension. Alternative scenario: Above 1.552 look for further upside with 1.5555 1.5595...
Pivot: 1.5520. Our preference: SHORT positions @ 1.551 with targets @ 1.5385 1.533. Alternative scenario: The upside penetration of 1.552 will call for 1.5555 1.5595. Comment:...
Pivot: 1349.00 Our preference: SHORT positions below 1349 with 1329 1317 as next targets. Alternative scenario: The upside penetration of 1349 will call for 1359 1377....
THE TAKEAWAY: The US Dollar may be ready to resume its long-term uptrend after snapping a six-day run of consecutive losses. The SP 500 continues to...
GBP/USD Technical Strategy: Pending Short at 1.5463, Targeting 1.5352 Prices put in a bearish Three Inside Down candlestick pattern below resistance at a falling trend line...