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EUR/USD Technical Analysis– Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. The pair has now cleared the 100% Fibonacci expansion at 1.3293,...
GBP/JPY Technical Analysis– Prices broke below axis line support in play since February, a barrier reinforced by the 38.2% Fibonacci retracementat 149.53, to challenge the 50%...
USD/CHF Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern, taking out support marked by arising trend line set from early...
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. The pair has now cleared key rising trend line set from...
GBP/USD Technical Analysis – Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. A break above resistance at 1.5600, the 76.4% Fibonacci expansion,...
AUD/USD Technical Analysis– Prices are attempting a recovery as expected. Initial trend lien resistance is at 0.9678, with a break above that eyeing a larger downward-sloping...
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...
Pivot: 1.019 Our preference: Short positions below 1.019 with targets @ 1.013 1.01 in extension. Alternative scenario: Above 1.019 look for further upside with 1.0225 1.025...
Pivot: 0.8035 Our preference: Long positions above 0.8035 with targets @ 0.812 0.8155 in extension. Alternative scenario: Below 0.8035 look for further downside with 0.7995 0.7925...
THE TAKEAWAY: The US Dollar has broken down out of the confines of the rising trend guiding prices since the start of the year, warning of...