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EUR/USD Technical Analysis– Prices are testing falling trend line resistance at 1.2865, with a break upward exposing the 1.30 figure and the 23.6% Fibonacci expansion at...
USD/JPY Technical Analysis– Prices broke support in the 93.77-90 area, marked by the 50% Fibonacci retracement and a rising trend line set from early January. Sellers...
ASIA/EUROPE FOREX NEWS WRAP Some ‘positive’ news out of Europe this morning has helped lift the European currencies out of their slump versus the rest of...
Pivot: 1656. Our preference: as long as 1656 is resistance, look for choppy price action with a bearish bias towards 1525 max. Alternative scenario: An upside...
Pivot: 30.75 Our preference: Bearish below 30.75 with 26 24.9 in sight. Alternative scenario: An upside breakout of 30.75 would open the way towards 32.45. Comment:...
Pivot: 89.00 Our Preference: Bullish above 89 with targets @ 98.1 100.6 in extension. Alternative Scenario: Below 89 eye a drop towards 84 and 77.3 in...
Pivot: 1577.50 Our preference: SHORT positions below 1577.5 with 1563 1556 as next targets. Alternative scenario: The upside breakout of 1577.5 will open the way to...
Pivot: 27.55 Our preference: SHORT positions below 27.55 with 26.95 26.45 as next targets. Alternative scenario: The upside penetration of 27.55 will call for 27.85 28.4....
Pivot: 0.839 Our preference: Long positions above 0.839 with targets @ 0.8445 0.846 in extension. Alternative scenario: Below 0.839 look for further downside with 0.8365 0.8345...
Pivot: 1.043 Our preference: Long positions above 1.043 with targets @ 1.048 1.0495 in extension. Alternative scenario: Below 1.043 look for further downside with 1.0415 1.04...