Article summary: Our Breakout2 and Momentum2 systems have had an outsized day of gains on the massive Japanese Yen sell-off. Here’s how we’re setting things up...
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...
US Dollar Technical Analysis– Prices bounced from support at 10420, the 23.6% Fibonacci retracement, taking out falling trend line resistance to expose the 14.6% Fib expansion...
USD/CAD Technical Analysis– Prices are testing support at 1.0121, the bottom of a falling channel. A break below that targets the 38.2% Fibonacci retracement at 1.0070....
USD/CHF Technical Analysis– Prices are testing support in the 0.9358-82 area, marked by the 38.2% Fibonacci retracement and a horizontal pivot. A break below that aims...
NZD/USD Technical Analysis– Prices are testing support at 0.8391, the 61.8% Fibonacci retracement, with a break below that targeting the 50% level at 0.8347. Near-term resistance...
AUD/USD Technical Analysis– Prices pulled back from resistance at 1.0483, the 76.4% Fibonacci retracement, to challenge the 61.8% level at 1.0413. A break below that targets...
GBP/USD Technical Analysis – Prices are consolidating above support in the 1.5040-91 area marked by the 14.6% Fibonacci expansion and a horizontal pivot level. A break...
USD/JPY Technical Analysis– Prices are testing resistance at 96.70, the March 12 high. A break above that targets the 123.6% Fibonacci extension. Near-term trend line support...
EUR/USD Technical Analysis– Prices took out falling trend line resistance set from early February after putting in a bullish Harami candlestick pattern, pointing at gains ahead....