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USD/CHF Technical Analysis– Prices are testing support at 0.9687, the 23.6% Fibonacci retracement, with a break below that eyeing the 38.2% level at 0.9596. Near-term resistance...
USD/CAD Technical Analysis– Prices advanced as expected after putting in a bullish Morning Star candlestick pattern above support at a rising trend line set from mid-September...
NZD/USD Technical Analysis– Prices are testing support at 0.8052, the November 16 2012 low. A break below that aims for the 0.80 figure and the September...
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. Sellers are testing below initial support at 101.84, the 14.6% Fibonacci...
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...
EUR/USD Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern, hinting at gains ahead. Initial resistance is at 1.2901, the 23.6% Fibonacci retracement, with a...
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: 0.9705 Our preference: Short positions below 0.9705 with targets @ 0.9595 0.9555 in extension. Alternative scenario: Above 0.9705 look for further upside with 0.9735 0.9795...
Pivot: 1.0315 Our preference: Long positions above 1.0315 with targets @ 1.042 1.045 in extension. Alternative scenario: Below 1.0315 look for further downside with 1.0245 1.0215...
Pivot: 95.00 Our preference: SHORT positions below 95 with 92.4 91.4 in sight. Alternative scenario: The upside penetration of 95 will call for 96.2 96.7. Comment:...