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GBP/JPY Technical Analysis – Prices broke lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern. Prices are now re-testing above support-turned-resistance at...
EUR/GBP Technical Analysis – Prices rebounded as expected after putting in a bullish Piercing Line candlestick pattern. The pair is now testing back below resistance-turned-support at...
US Dollar Technical Analysis– Prices broke above resistance the top of a Flag chart pattern, hinting at bullish continuation ahead. Initial resistance is at 10820, the...
EUR/USD Technical Analysis – Prices are pulling back from resistance at a falling trend line set from February, with a break below initial upward-sloping support (1.3262)...
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...
ASIA/EUROPE FOREX NEWS WRAP Mixed data overnight has thrown the majors for a loop, with recent underperformers the Australian Dollar and the British Pound as top...
Pivot: 0.9300. Our preference: SHORT positions below 0.93 with 0.925 0.921 in sight. Alternative scenario: The upside penetration of 0.93 will call for a rebound towards...
Pivot: 1.325 Our preference: Long positions above 1.325 with targets @ 1.335 1.337 in extension. Alternative scenario: Below 1.325 look for further downside with 1.321 1.3175...
Pivot: 0.93 Our preference: Short positions below 0.93 with targets @ 0.921 0.917 in extension. Alternative scenario: Above 0.93 look for further upside with 0.934 0.937...
THE TAKEAWAY: The US Dollar has stalled at technical resistance after completing a would-be breakout higher. The SP 500 continues to consolidate below the 1700 figure....