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GBP/USD Technical Analysis – Prices broke above resistance at 1.5408, the 38.2% Fibonacci retracement, exposing a rising channel top at 1.5540 and the 50% level at...
USD/JPY Technical Analysis– Prices recoiled from resistance below the 100.00 figure to test support at 97.79, the 23.6% Fibonacci retracement. A break below this barrier initially...
EUR/USD Technical Analysis– Prices are testing support at 1.2973, the intersection of the 23.6% Fibonacci expansion and a formerly broken falling trend line. The pullback appears...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is working on its fourth consecutive day lower in the wake of the disappointing...
Pivot: 1.028 Our preference: Long @ 1.0295 with targets @ 1.034 1.0355 in extension. Alternative scenario: Below 1.028 look for further downside with 1.0255 1.023 as...
THE TAKEAWAY: The US Dollar is pulling back to technical support defining recent price action while the SP 500 continues to flirt with challenging the 1600...
Pivot: 0.854 Our preference: Short positions below 0.854 with targets @ 0.8465 0.843 in extension. Alternative scenario: Above 0.854 look for further upside with 0.856 0.859...
Pivot: 1.2305 Our preference: Short positions below 1.2305 with targets @ 1.224 1.2225 in extension. Alternative scenario: Above 1.2305 look for further upside with 1.232 1.2345...
After numerous false starts on the downside, beginning with the 2/25 collapse, USDJPY traders are conditioned to buy the dip. Eventually, this mentality will aid in...
Pivot: 1.02 Our preference: Short positions below 1.02 with targets @ 1.015 1.0125 in extension. Alternative scenario: Above 1.02 look for further upside with 1.0225 1.025...