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NZD/USD Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern above support at 0.8052, the November 16 2012 low, hinting a move higher is ahead....
AUD/USD Technical Analysis– Prices are testing support in the 0.9663-82 area, marked by the November 23 2011 low and the 23.6% Fibonacci expansion. A break below...
GBP/USD Technical Analysis – Prices declined as expected after putting in a Shooting Star candlestick below resistance at the top of a rising channel set from...
Pivot: 1.249 Our preference: Long positions above 1.249 with targets @ 1.2545 1.2595 in extension. Alternative scenario: Below 1.249 look for further downside with 1.246 1.2445...
Pivot: 0.9735 Our preference: Short positions below 0.9735 with targets @ 0.9645 0.9595 in extension. Alternative scenario: Above 0.9735 look for further upside with 0.98 0.984...
Pivot: 0.9735. Our preference: SHORT positions below 0.9735 with targets @ 0.9625 0.9585. Alternative scenario: The upside penetration of 0.9735 will call for a rebound towards...
Pivot: 1.2865. Our preference: LONG positions above 1.2865 with 1.2965 1.2995 in sight. Alternative scenario: The downside breakout of 1.2865 will open the way to 1.282...
USD/CAD Technical Strategy: Long USDCAD at 1.0323, Targeting Above 1.0367 Prices advanced as expected after putting in a bullish Morning Star candlestick pattern above support at...
Pivot: 1.505 Our preference: Long positions above 1.505 with targets @ 1.5155 1.522 in extension. Alternative scenario: Below 1.505 look for further downside with 1.501 1.4955...
Pivot: 1.2865 Our preference: Long positions above 1.2865 with targets @ 1.2965 1.2995 in extension. Alternative scenario: Below 1.2865 look for further downside with 1.282 1.279...