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Pivot: 1.2100 Our Preference: LONG above 1.2000 with 1.24 1.2565 in sight. Alternative Scenario: Below 1.21 look for further weakness to 1.20. Comment: the pair has...
ASIA/EUROPE FOREX NEWS WRAP High beta currencies and risk-correlated assets in general are rebounding on Wednesday, in what is seen as a technically driven move rather...
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...
Pivot: 1.025 Our preference: Long positions above 1.025 with targets @ 1.029 1.0315 in extension. Alternative scenario: Below 1.025 look for further downside with 1.0225 1.02...
Pivot: 1.031 Our preference: Short positions below 1.031 with targets @ 1.023 1.02 in extension. Alternative scenario: Above 1.031 look for further upside with 1.0355 1.0395...
EUR/GBP Technical Analysis – Prices broke support at 0.8545, the 23.6% Fibonacci expansion, exposing the 38.2% level at 0.8481. A further push below that aims for...
US Dollar Technical Analysis– Prices edged above resistance in the 10547-76 area, marked by the 23.6% Fibonacci expansion and the March 11 high. A break above...
GBP/JPY Technical Analysis– Prices treading water above support at 150.08, the 23.6% Fibonacci retracement. A break below that aims for the 38.2% level at 147.74. Near-term...
EUR/JPY Technical Analysis– Prices treading water above support at 128.28, the 23.6% Fibonacci retracement, with a break below that aiming for the 38.2% level at 126.53....
USD/CHF Technical Analysis– Prices are pushing higher as expected after putting in a Bullish Engulfing candlestick pattern above the 0.92 figure. Buyers are aiming to challenge...