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AUD/USD Technical Analysis– Prices broke support at the bottom of a multi-month range in the 1.0163-81 area, a barrier reinforced by the 61.8% Fibonacci expansion at...
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...
EUR/USD Technical Analysis– Prices are testing support at 1.2953, the April 24 low, with a break lower targeting the 38.2% Fibonacci expansion at 1.2873. A further...
USD/JPY Technical Analysis– Prices broke above resistance at 101.42, the 76.4% Fibonacci expansion, clearing the way for a move to challenge the 100% level at 103.16....
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has exploded to fresh yearly highs, and its highest level since July 2010, as...
Pivot: 1 Our preference: Short positions below 1 with targets @ 0.9885 0.983 in extension. Alternative scenario: Above 1 look for further upside with 1.004 1.0095...
Pivot: 1.2960. Our preference: LONG positions above 1.296 with 1.306 1.311 as next targets. Alternative scenario: The downside penetration of 1.296 will call for a slide...
Pivot: 0.8465 Our preference: Long positions above 0.8465 with targets @ 0.851 0.8535 in extension. Alternative scenario: Below 0.8465 look for further downside with 0.843 0.8415...
THE TAKEAWAY: The US Dollar found interim resistance having touched the highest level in nearly three years while the SP 500 continues to consolidate. US DOLLAR...
GBP/USD Technical Strategy: Short at 1.5536, Targeting Below 1.5195 Floating Profit / Loss: +220 pips We entered short GBPUSD at 1.5533. Prices have now met our...