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Pivot: 104.40 Our preference: SHORT positions below 104.4 with 102.7 102 as next targets. Alternative scenario: The upside penetration of 104.4 will call for 105.85 107.5....
Pivot: 1.33 Our preference: Short positions below 1.33 with targets @ 1.3235 1.321 in extension. Alternative scenario: Above 1.33 look for further upside with 1.3335 1.337...
Pivot: 93.50 Our Preference: LONG position above 93.5 with 101.5 103.8 in sight. Alternative Scenario: Below 93.5 down move to 90.85 87.5. Comment: the pair is...
Pivot: 1.2200 Our Preference: LONG above 1.22 with 1.255 1.265 in sight. Alternative Scenario: Below 1.22 look for further weakness to 1.21. Comment: the pair is...
Pivot: 1.0125 Our Preference: Long position above 1.0125 with 1.0650 1.0800 in sight. Alternative Scenario: Below 1.0125 look for further decline to 0.9625. Comment: a key...
ASIA/EUROPE FOREX NEWS WRAP The US Dollar is a top performer so far this week, but the next few days are guaranteed to bring about volatility...
USD/CHF Technical Analysis – Prices are pulling back from resistance at 0.9313, a barrier marked by the 61.8% Fibonacci expansion and reinforced by a falling trend...
USD/CAD Technical Analysis – Prices broke resistance at a falling trend line set from the July 5 swing top, hinting a move higher is ahead. Near-term...
EUR/GBP Technical Analysis – Prices rebounded as expected after putting in a bullish Piercing Line candlestick pattern. The pair is now testing resistance at 0.8730, the...
NZD/USD Technical Analysis – Prices broke higher as expected. The pair has now pulled back through support at the 23.6% Fibonacci retracement (0.8006) to test a...