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SPX500 –At the risk of sounding repetitive, retail CFD speculators remain aggressively short the SPX500 contract and we maintain our contrarian forecasts for further record-peaks. Trade...
Our sentiment-based strategies got caught on the wrong side of an important Euro sell-off and US Dollar (ticker: USDOLLAR) bounce, and indeed we see early signs...
Pivot: 96.95 Our preference: Long positions above 96.95 with targets @ 98.2 98.5 in extension. Alternative scenario: Below 96.95 look for further downside with 96.55 96.1...
Pivot: 1.314 Our preference: Short positions below 1.314 with targets @ 1.305 1.301 in extension. Alternative scenario: Above 1.314 look for further upside with 1.318 1.32...
US Dollar Technical Analysis– Prices broke support at a rising trend line set from late February to challenge the 10424-28 area marked by the 23.6% Fibonacci...
ASIA/EUROPE FOREX NEWS WRAP The Euro is slightly lower across the board (but for against the Australian and New Zealand Dollars) ahead of the vaunted European...
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...
GBP/JPY Technical Analysis– Prices are inching lower as expected after putting in a Bearish Engulfing candlestick pattern below resistance at 153.85, the April 11 swing high....
EUR/GBP Technical Analysis – Prices appear to be carving out a Triangle chart formation, which may be broadly indicative of bullish continuation (although confirmation is required...
USD/CHF Technical Analysis– Prices pulled back as expected after putting in a Shooting Star candlestick. Sellers are now testing support at 0.9275, the 61.8% Fibonacci expansion,...