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EUR/GBP Technical Analysis – Prices put in a bullish Piercing Line candlestick pattern above support in the 0.8583-90 area marked by a horizontal pivot dating back...
NZD/USD Technical Analysis – Prices broke higher as expected, clearing resistance the 23.6% Fibonacci expansion(0.7917) to expose the 38.2% mark at 0.8061. Alternatively, a reversal back...
GBP/JPY Technical Analysis – Prices put in a bearish Dark Cloud Cover candlestick pattern, hinting at weakness ahead. Near-term support is at 151.52, the 23.6% Fibonacci...
ASIA/EUROPE FOREX NEWS WRAP FX is a mixed basket this morning as the North American currencies and the Euro round out the top three, while the...
Pivot: 100.15 Our preference: Short positions below 100.15 with targets @ 99.2 98.9 in extension. Alternative scenario: Above 100.15 look for further upside with 100.65 100.85...
Pivot: 1365. Our Preference: Bearish below 1365 with targets @ 1150 1080 in extension. Alternative scenario: An upside breakout of 1365 would open the way towards...
US Dollar Technical Analysis– Prices continue to play out a bearish reversal identified two weeks ago, taking out support in the 10790-803 area to expose the...
EUR/JPY Technical Analysis – Prices are testing above resistance at 132.38, the July 22 high, a barrier reinforced by the 23.6% Fibonacci expansion at 132.51. A...
AUD/USD Technical Analysis – Prices broke higher as expected, taking out resistance at the top of a falling channel set from April and hinting a significant...
USD/CAD Technical Analysis – Prices broke support at the 1.03 figure, the 50% Fibonacci expansion. Sellers now challenge the 1.0266-72 area marked by a rising trend...