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GBP/USD Technical Analysis – Prices are testing below support at the bottom of a rising channel, with a break downward on a daily closing basis exposing...
USD/JPY Technical Analysis– Prices are pulling back from resistance near the 100.00 figure to approach support at 98.20, the 23.6% Fibonacci retracement. A break below that...
ASIA/EUROPE FOREX NEWS WRAP Over the weekend, we heard from People’s Bank of China Governor Zhou Xiaochuan, who painted a dourer outlook for the world’s second...
EUR/USD Technical Analysis– Prices may be carving out a Head and Shoulders topping chart pattern. Confirmation of the setup requires a close below support in the...
Pivot: 0.8395 Our preference: Short @ 0.8367 with targets @ 0.8335 0.83 in extension. Alternative scenario: Above 0.8395 look for further upside with 0.8415 0.8435 as...
Pivot: 1.0245 Our preference: Long positions above 1.0245 with targets @ 1.029 1.0315 in extension. Alternative scenario: Below 1.0245 look for further downside with 1.02 1.0185...
THE TAKEAWAY: The US Dollar is challenging the March swing high while the SP 500 continues to test key technical support after a rejection at the...
Pivot: 152.15 Our preference: Short positions below 152.15 with targets @ 150.5 149.6 in extension. Alternative scenario: Above 152.15 look for further upside with 152.55 153...
Pivot: 87.80 Our preference: LONG positions above 87.8 with targets @ 90.6 92.1. Alternative scenario: The downside breakout of 87.8 will open the way to 86.6...
Pivot: 129.9 Our preference: Short positions below 129.9 with targets @ 128.9 128 in extension. Alternative scenario: Above 129.9 look for further upside with 130.8 131.5...