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USD/CHF Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. Sellers took out support at 0.9596, the 38.2% Fibonacci retracement, to...
NZD/USD Technical Analysis– Prices broke below supportat 0.7977, the 38.2% Fibonacci expansion. Sellers now stand to challenge a major hurdle in the 0.7891-14 region, marked the...
USD/CAD Technical Analysis– Prices declined as expected after putting in a bearish Dark Cloud Cover below the 1.04 figure, dropping through rising trend line support set...
AUD/USD Technical Analysis– Prices are stalling above support in the 0.9543-80 region, the intersection of the June 1 2012 low and the 14.6% Fibonacci expansion, with...
GBP/USD Technical Analysis – Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern and clearing falling trend line resistance set from early May....
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. The pair has now taken out support at 100.68, the 23.6%...
EUR/USD Technical Analysis– Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. The pair is now testing resistance at a falling trend line...
EUR/JPY Technical Analysis– Prices declined as expected to find support at 130.34, the 23.6% Fibonacci retracement. The pair is now stuck in consolidation, with a break...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is down on the first trading day of June, as further weakness in Japanese...
Pivot: 1.303 Our preference: Short positions below 1.303 with targets @ 1.295 1.2915 in extension. Alternative scenario: Above 1.303 look for further upside with 1.306 1.309...