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US Dollar Technical Analysis– Prices advanced as expected after completing a bullish Flag chart pattern. A correction lower from resistance at 10899, the 38.2% Fibonacci expansion,...
USD/JPY Technical Analysis – Prices are testing below support-turned-resistance at 98.85, the June 3 low, with a break lower initially exposing the 38.2% Fibonacci expansion at...
EUR/USD Technical Analysis – Prices recoiled from resistance at a falling trend line set from February, taking out upward-sloping support underpinning the pair from mid-July to...
ASIA/EUROPE FOREX NEWS WRAP The British Pound is running neck and neck with the Japanese Yen as top performer to start the week, as the slate...
Pivot: 99.45. Our preference: SHORT positions below 99.45 with 98.45 98.15 as next targets. Alternative scenario: The upside penetration of 99.45 will call for a rebound...
Pivot: 21.50 Our preference: Below 21.5, look for further downside with 17.2 14.7 as next targets. Alternative scenario: An upside breakout of 21.5 would open the...
Pivot: 1283.00 Our preference: LONG positions above 1283 with targets @ 1339 1349. Alternative scenario: The downside penetration of 1283 will call for a slide towards...
THE TAKEAWAY: The US Dollar corrected lower but overall positioning continues to favor the upside. SP 500 technical positioning hints a turn lower may be ahead....
Pivot: 131.15 Our preference: Long positions above 131.15 with targets @ 131.9 132.35 in extension. Alternative scenario: Below 131.15 look for further downside with 130.75 130.25...
Pivot: 108.80 Our preference: SHORT positions below 108.8 with 106 105 as next targets. Alternative scenario: The upside penetration of 108.8 will call for 110.7 112.9....