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EUR/USD Technical Analysis– Prices are testing support at 1.2973, the intersection of the 23.6% Fibonacci expansion and a formerly broken falling trend line. The pullback appears...
USD/JPY Technical Analysis– Prices recoiled from resistance below the 100.00 figure to test support at 97.79, the 23.6% Fibonacci retracement. A break below this barrier initially...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is working on its fourth consecutive day lower in the wake of the disappointing...
Pivot: 1.028 Our preference: Long @ 1.0295 with targets @ 1.034 1.0355 in extension. Alternative scenario: Below 1.028 look for further downside with 1.0255 1.023 as...
THE TAKEAWAY: The US Dollar is pulling back to technical support defining recent price action while the SP 500 continues to flirt with challenging the 1600...
Pivot: 1.2305 Our preference: Short positions below 1.2305 with targets @ 1.224 1.2225 in extension. Alternative scenario: Above 1.2305 look for further upside with 1.232 1.2345...
Pivot: 0.854 Our preference: Short positions below 0.854 with targets @ 0.8465 0.843 in extension. Alternative scenario: Above 0.854 look for further upside with 0.856 0.859...
After numerous false starts on the downside, beginning with the 2/25 collapse, USDJPY traders are conditioned to buy the dip. Eventually, this mentality will aid in...
Pivot: 1.02 Our preference: Short positions below 1.02 with targets @ 1.015 1.0125 in extension. Alternative scenario: Above 1.02 look for further upside with 1.0225 1.025...
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...