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GBP/JPY Technical Analysis – Prices are drifting sideways above support at 148.76, the July 10 low. A break below that aims for the August 8 bottom...
EUR/JPY Technical Analysis – Prices continue to test support at 128.31, the 50% Fibonacci expansion. Near-term resistance is marked by the 38.2% level at 129.35. A...
USD/CHF Technical Analysis – Prices are bouncing from support at a rising trend line set from February. Initial resistance is at 0.9309, the 23.6% Fibonacci retracement,...
GBP/USD Technical Analysis – Prices put in a bearish Dark Cloud Cover candlestick pattern below falling trend line resistance set from mid-December 2012, hinting a move...
EUR/USD Technical Analysis – Prices are turning lower after putting in a bearish Dark Cloud Cover candlestick pattern below resistance in the 1.3411-16 area, marked by...
USD/JPY Gold rebound off key support levels while GBP/USD fails at a familiar Gann level. The EUR/USD cyclical picture should clear up over the next 48...
Pivot: 1.0355 Our preference: Short positions below 1.0355 with targets @ 1.0245 1.0195 in extension. Alternative scenario: Above 1.0355 look for further upside with 1.04 1.044...
Pivot: 0.798 Our preference: Long positions above 0.798 with targets @ 0.81 0.8135 in extension. Alternative scenario: Below 0.798 look for further downside with 0.793 0.788...
THE TAKEAWAY: The US Dollar has found interim support after six consecutive days of selling while the SP 500 has slipped back below the May swing...
Pivot: 1349. Our Preference: Bearish below 1349 with targets @ 1267 1180 in extension. Alternative scenario: An upside breakout of 1349 would open the way towards...