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Pivot: 0.791 Our preference: Long positions above 0.791 with targets @ 0.8015 0.806 in extension. Alternative scenario: Below 0.791 look for further downside with 0.784 0.779...
Pivot: 97.50 Our Preference: Bullish as long as 97.5 is support with targets at 109 and 114.7 in extension. Alternative Scenario: Below 97.5 eye a drop...
NZD/USD Technical Analysis – Prices are testing resistance at 0.7914, with a break above that targeting a falling trend line set from early April (now at...
ASIA/EUROPE FOREX NEWS WRAP Warning: plot twist ahead. Markets were widely expecting a dovish Governor Mark Carney today when the Bank of England released its Quarterly...
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: 0.7825 Our preference: Long positions above 0.7825 with targets @ 0.792 0.7975 in extension. Alternative scenario: Below 0.7825 look for further downside with 0.7735 0.768...
EUR/GBP Technical Analysis – Prices put in a bullish Piercing Line candlestick pattern above support at a rising trend line set from late June, hinting a...
GBP/JPY Technical Analysis – Prices pulled back after retesting support-turned-resistance at a rising trend line set from mid-June. Sellers are now testing below the 50% Fibonacci...
EUR/JPY Technical Analysis – Prices are testing below support at 129.35, the 38.2% Fibonacci expansion, with a break confirmed on a daily closing basis exposing the...
AUD/USD Technical Analysis – Prices bounced as expected after putting in a Hammer candlestick above resistance-turned-support at the top of a falling channel set from April....